Whilst the main indexes continue to see some moderate chop around sp'1980.... two stocks - AAPL and DIS, are giving serious warnings that the market might be close.. or has even maxed out. Both lead the way lower in August... and today are notably lower by -1.5% and -1.0% respectively.
For this hour.. I wanted to highlight what were two of the stocks that gave some of the early warnings in August.
Both AAPL and DIS have been unable to re-take old support.. including the 50/200dmas.
Price structure on AAPL is a clear bear flag.. and today's candle sure ain't pretty.
*for now.. I am NOT chasing lower.... but that DIS MACD (blue bar histogram) cycle IS ticking lower.
... its not to be taken lightly.