Sour Apple

You need love, but you're afraid that if you give in
Someone else will come along
And sock it to you again
--Jackson 5

Haven't done much chart-gazing recently but the Apple (AAPL) chart stuck out in a brief review this weekend.

After exploding off mid November lows for a quick +15%, the stock has given back nearly all of it. Prices once again approaching the 510-520 support zone that defines the base for a multi-month head-and-shoulders pattern.

Should prices decisively melt thru this support, then would think bears would lean against the event in an attempt to push the tape lower.

position in SPX