AAPL daily Guppy chart looks ominous short term


While still in a longer term up-trend, AAPL has closed below its critical 10 week average for the first time since its rise began last March.   (Daily volume has also tended to spike on the down days.) Since March,   AAPL has more than doubled. The longer term trend remains intact, but this daily Guppy chart shows that the short term averages (in black) are now heading down and penetrating   the longer term averages (red).   I closed out the puts I sold on AAPL and am now waiting on the sidelines to see if the down-trend deepens or reverses. Note that every long term decline must first begin with a short term decline.

AAPL daily guppy chart

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