Imagine what a seriously down day in the S and P will do to apple. It looks like its ready to role over as well. Ive been short since Dec 3 and Ive seen no price action yet that would change my mind. No one knows where the bottom is, although a case could be made that we are near a support level. Id have to see an hourly close above 535 and an upward trend in the hourly MACD to make me reverse my position.