AAPL Apple Weekly Chart; Negative Divergence Developing for Another Top

Apple is the latest favorite flavor. Traders circulate through the tech flavors and then circle back again. Lay down a dollar or two, and go around the bend, then come back again, for that good ole Mountain Dew. AAPL jumps +4% last week on the hype over the new foldable iPhone Duo, under development for a few years, announced by new Apple CEO John Ternusaround.

Samsung said Apple is warming their leftovers since their foldable phone has been out about 7 years. The iPhone Duo device uses a Samsung screen so they can be blamed if there is a problem with the crease. Samsung is in their 8th generation of the foldable technology telling Apple to hold my beer.

Instead of Duo they should call it Do Over. The phone may be awkward for someone with small or tiny hands like Donnie Trump. If the Duo was in Keystone's pocket, that crease and folding hinge may fill up with pocket lint, dirt and dust, pine needles, straw and hay. Do you folks really need all this fancy garbage? Good luck to you. The Dud, er Duo, is a weird name to say out loud, 'do-oh'. A duo is two, or a pair, but the phone is just a foldable screen. Fire the idiot that came up with that name. Oh, it was Tim Cook.

Since the Duo is warmed over pizza from the day before, some Apple enthusiasts may want to wait for the next version. Never buy the new model of anything. For new car designs and models, buy the third model year since the problems and kinks are worked out during the first couple years.

It is interesting that so many of you hold on to a smartphone like your adult umbilical cord. What nonsense. No wonder most people are squirrelly these days. Many of you think you are more important than you really are. As layoffs continue going forward, and your boss dropkicks you into the dumpster at the end of the parking lot, you will realize that you are not important at all.

Keystone explained the AAPL top on the weekly basis at the end of July due to the negative divergence. Price made matching and/or higher highs while the chart indicators went neggie d. The pullback occurs as forecasted but only ran for a couple weeks due to more hype about the Duo and the ongoing AI hype. Price did not even touch the middle band on the dip.

So up she goes again on the Duo hype and price is making the matching high so the indicators can be assessed. All are in neggie d so this is another top that will begin a multi-week slide for AAPL and this time it will likely be a few more weeks than a couple. Price may want to tag the upper band at 338-343 early in the week that would be great because it will firmly display the neggie d and top.

Simply watch the indicators to make sure they remain neggie d and you know the top is in on the weekly basis. On the daily chart, price came up to fill the gap at 334-337 so there may be further play here for a couple days. The 2-hour chart appears to have topped out with neggie d at the tail end of the week, now, so look for follow through to the downside tomorrow.

Keystone is not in AAPL right now long or short but obviously the play forward is to take your money and cash out if long, or go short going forward for a few weeks. Apple should have called the foldable phone "Dio" in honor of Ronnie James Dio. Rainbow in the Dark. What a voice; one of the best in rock history. 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.