Apple Head & Shoulders Look Out Below

All the important elements of a head and shoulders pattern are evident on the Apple Daily.

1. An existing up trend
2. Breaking of that trend
3. Decreasing volume at each of the peaks
4. A clearly defined neckline
5. Breaking of the neckline.

A bounce off the broken neckline lower would confirm the pattern.

It's difficult to go short in an otherwise bull market. I'd sit this one out.

AAPL