Apple Channel Remains Key

2022.06.02 00:47

The title pretty much says it all, but to recap:

1. Apple (NASDAQ:AAPL) is the most important NASDAQ Composite stock there is;
2. It also happens to be one of the few stocks propping up this still comically-overvalued stock market;
3. It respected its channel for years until just recently;
4. Its lower trendline is now resistance, instead of support;
5. I suspect it’s going to plunge in short order.

Apple Daily Chart.

Source