Apple IncShort
Calling a top on apple.
Updated
It has been over 1700 days since apple has visited the 200 week MA.
This is unusual for apple. it has only happened once before at roughly 1750 days.
That being said, were in a rising wedge.
Markets are way over extended. This is actually quite normal if we are indeed entering a new expansion... But i must be skeptical for various macro reasons.
Now that the bears have had their butts handed to them and have been liquidated, i think it would be a great time to have their thesis come true. it would be quite painful for them to watch such a thing, as they have no lost their positions and money trying to short from October last year till now.
This is unusual for apple. it has only happened once before at roughly 1750 days.
That being said, were in a rising wedge.
Markets are way over extended. This is actually quite normal if we are indeed entering a new expansion... But i must be skeptical for various macro reasons.
Now that the bears have had their butts handed to them and have been liquidated, i think it would be a great time to have their thesis come true. it would be quite painful for them to watch such a thing, as they have no lost their positions and money trying to short from October last year till now.
Note
Still in play, its just humping the wedge right now, clear invalidation if it breaks above it but that has not yet happened.Note
So the wedge broke to the upside. I was going to invalidate but there is no way inflation comes to 2% without all the wealth thats been hiding in apple getting wiped out.Along with a few other tech stocks, these have been the havens to hide the ill gotten gains of the pandemic stimulus. They will revert to pre-pandemic levels.
Note
Look at this massive bear div on the monthly rsi...Note
And on the MACDNote
Okay im just a retard I guess.Tech rally is nearer its end than beginning, ill just leave it there.
Apple looks like its going to outperform everything else yet again.
Note
New idea can be found here. 
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