Saad Ullah
Legendary trader Peter Brandt just dropped a warning that's got Apple investors on edge. In a recent X post, @PeterLBrandt shared a long-term monthly chart of Apple (AAPL) packed with historical topping patterns and asked a question nobody wants to hear: "Does anyone have a parachute?"
The timing couldn't be more interesting. Apple's stock is currently sitting at $196.58, down 4.27% for June 2025, and it looks like the tech giant might be running into some serious resistance. The chart Brandt shared shows AAPL has basically hit a wall near previous resistance zones, and the technical indicators aren't looking too hot either.
Apple (AAPL) Price Action Shows Cracks
What's really catching traders' attention is how Apple's momentum seems to be fading. The Average True Range (ATR) is declining, and the ADX reading of just 14.1 suggests there's not much conviction behind any moves right now. When a stock that's been such a consistent performer starts showing these kinds of signs, people pay attention.
The current price action around $196.58 is particularly telling. Apple has been stuck in a relatively tight range since 2022, and that kind of sideways movement often precedes bigger moves—the question is which direction.
Apple (AAPL) Historical Patterns Point to Trouble
Brandt's chart annotation is pretty sobering when you look at Apple's history. He's highlighted several head-and-shoulders formations and topping patterns that all led to significant pullbacks. The current setup looks eerily similar to those previous formations, which explains why he's sounding the alarm.
Here's the thing about Brandt—he's got serious credibility when it comes to pattern recognition. When someone with his track record starts talking about parachutes, traders listen. The key level everyone's watching now is that 6-month moving average sitting somewhere in the $180-$190 range. If Apple breaks below that, things could get interesting fast.
While Apple remains a long-term growth story that most people still love, short-term traders might want to tread carefully here. Sometimes the best trade is the one you don't make, especially when veteran traders are asking about parachutes.
Saad Ullah
