$AAPL - Losing the 5 Monthly Average (grey line) has proven to be a significantly bearish event
$Apple(AAPL)$ - Losing the 5 Monthly Average (grey line) has proven to be a significantly bearish event to be cautious about (black ovals), and the distance from the current price is shrinking.
Price is showing exhaustion: two monthly hanging mans in a row plus a doji. RSI reached 70 last month and is declining in October.
Technicals favor a decent pullback, let’s see if Tim Cook brings another buyback as a bailout.
Will the 5 Monthly average be broken?
$Invesco QQQ(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$ $SPDR Dow Jones Industrial Average ETF Trust(DIA)$
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