Is the Stock Market giving a potential topping signal via Apple?

Apple is the staple in most 401k’s. Almost everyone you know has an iPhone. Most work issued laptops are Macbooks these days.

If you look at the price action, we are clearly butting up to the upper edge of an established channel since 2020. Channels don’t necessarily go on forever. Eventually they breakdown or up.

But in comparing to the QQQ on a similar timeline, we may have more room to run into the end of year and the ever popular Santa Rally.

I yield the floor back to NVDA, the fulcrum of the equity market.