Bearish Engulfing of APPLE

• Apple has given two bearish engulfing patterns in weekly chart. We saw a Pin bar reversal candle at the top of the trend too.
• Daily chart has closed the day below 50 day moving average.
• Weekly indicators are also showing bearish things to come. Stochastic has triggered a sell. 
• Weekly MACD is likely to give a sell in the coming week.
• Only hope for bulls is the weekly trend line which has to be broken by bears for the long term trend to change.
• So in all likelihood we are looking at the top of apple for sometime to come. Provided bears manage to break the weekly trend line.
• S&P 500 CLOSED BELOW 200 WEEK MOVING AVERAGE