Apple, Inc (NASDAQ:AAPL) gapped down about 2.4% to start Thursday’s trading session and within the first few minutes had fallen 4% off Wednesday’s closing price.
The general markets turned heavily bearish at the end of March, which technical traders may have predicted a few weeks earlier when the 50-day simple moving average (SMA) crossed below the 200-day SMA on the S&P 500, which created a death cross on the daily chart.
