AAPL Apple Monthly Chart; Overbot; Rising Wedge; Negative Divergence; Upper Band Violation; Long-Term Multi-Month and Multi-Year Top is in for Mighty Apple

Keystone has been warning about the topping process with Apple over recent months. The MACD line was long and strong so that had to negatively diverge to join the other chart indicators and signal that the multi-month and multi-year top is in for Apple. The current price for AAPL may not be seen again for many months and perhaps years.

The MACD flattens as price prints a high at 194+ (neggie d) so Apple is out of fuel for further upside. The red lines show the negative divergence in play, ominous rising wedge and overbot RSI and stochastics all bearish factors. In addition, price is elevated above the moving averages for the last few years and desperately needs a mean reversion lower.

The expectation was for price to print in the 185-197 area tagging the top standard deviation line since the MACD line was long and strong. This occurs. The middle band, also the 20-month MA, at 153 is now on the table going forward. Just think, price will need to revert back to below the 200-week MA probably a couple or three years in the future. 

If you enjoyed big gains, or any gains, in Apple over the last few weeks, months and years, ring the cash register and stay away from AAPL here on out. The AAPL monthly chart says its over. Collapses from rising wedges can be quite dramatic. Sell your AAPL shares to Warren Buffett, CNBC commentator Jim Cramer and the other Apple cheerleaders. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.