Apple has been suffering for some time now with the fatal flaw of being a company with too high a price point in a mature market.
Apple is no longer the visionary leader it once was and is riding the "momentum flywheel" like previous giants such as IBM, likewise trying to monetize its base through 'Services'.
AAPL has likely peaked and will put in a 'domed top' likely consisting of an "M" top or Head & Shoulders formation, before heading towards its longer-term support level.
Our proprietary MATA (Momentum Analytics & Technical Analysis) indicator shows what to watch for the near term.
Today's market-moving announcements by Apple (NASDAQ:AAPL) should come as a little surprise to Apple investors. Apple has been suffering for some time now with the fatal flaw of being a company with too