AAPL Apple Weekly Chart Rising Wedge Negative Divergence

A lot of you are interested in AAPL considering they release earnings today so let's take a look.  The late July and mid-September spank downs were forecasted by the negative divergence and here we go again. This ticker has more lives than a cat but its topping behavior now is due to the wide spread ownership by hedgies, institutionals, and traders everywhere. It takes a while to turn this ship around. The rising blue wedge continues and negative divergence is now in place (red lines) again so down she will go. All indicators are negatively diverged except for a slightly higher high in the MACD. Projection is that AAPL continues to top and roll over with lower prices expected in the weeks and months ahead. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or on any links attached to this site. Consult your financial advisor before making any investment decision.