A resistance line dating back to the early 1980’s continues to influence Apple almost 30 years later and the NDX 100 (see NDX hit hurdel post here)

The above monthly chart reflects that Apple hit this 30-year resistance line and has backed off almost $85 from its 2012 highs.

The lower right inset above reflects that once Apple broke its 2012 rising channel, it has created a series of lower highs. This 30-year resitance line is influencing Apple, which can greatly influence the NDX 100 and the broad markets!

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