The highs of 1983 and 1987 impacted Apple almost 30-years later!  If you tie those highs together and create a resistance line into the future, that line stopped Apple on a dime last year at (1).

If you create a parallel line of the 30-year resistance,  it now comes into play at (2) above, as Apple is attempting to break this important line. This is monthly chart and the end of the month is a long way away!  To get back above this important resistance line, Apple needs to close above $448 at the end of this month!  If not this support line will have been taken out.

Next parallel support line price point for Apple comes into play around $200 per share. 

What happens with Apple becomes all the more important for the NDX 100 below, which may have created a near perfect technical Head & Shoulders topping pattern.


Apple needs to hold here and get back above the $448 resistance level or it could pull the NDX 100 lower and S&P 500 lower, which increase the odds that an important top is in! 

Can Ben/ QE to infinity and beyond solve Apple’s challenges at this 30-year line? Don’t overlook what selling pressure in Apple and the NDX 100 could do to key market index’s despite Ben’s QE programs!

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