$AAPL finished 19 weeks of rally from its 19 week mode

6 Sep

AAPL is already IN a weekly downtrend.

AAPL is below the mode since the high

AAPL peaked 7 weeks ago

AAPL had a weekly range expansion down this week to trigger a sell signal

AAPL had a RESZ rally into 50-75% resistance this week after RgExp down

Stop loss $226, downside $195

I also labeled Warren Buffett's sale of $100 billion worth of AAPL, but he also still has a 30% position in AAPL in his portfolio

The stop is close and the downside is meaningful

Granted, Apple has its new product release happening soon which will keep potential sellers from selling but it may make potential buyers hold off on buying

Time will tell

Tim

3:47PM EST 9/6/2024
$220.85 last -1.53