AAPL -3% On Way To New "Generational Low"?

Tyler Durden's picture

We warned last night of the spike in average trade size yesterday in AAPL's trading - just as we also saw on 9/21 - and the fading VWAP ramps; and today we see AAPL -3% (-6.7% from its highs on Monday) as volume picks up and the renaissance appears to be ending. WWJTD?

Short-term AAPL is down 3% today and -6.7% from Monday's highs - having

 

And broken back below its 250DMA on heavy volume ($556.60 seems a line in the sand for the close)

 

and we are testing a key VWAP level...