Apple (AAPL), one of the most widely invested in and watched stocks in the world continues to break down technically on its chart. It's below its 50- and 200-day moving averages (not shown) and now below its 50-week moving average on this chart and below trend lines, with slumping RSI and MACD's as well. Also, it's still a good distance away from its 200-week moving average, showing huge downside risk potential.

As this stock declines, it will influence many more lower. It looks like Apple may have completed Elliott Wave B and is ready for a massive wave C decline.

Comments (2)
No. 1-1

Thanks for all the charts and keeping us aware of the market in general.