A Quick Apple Short Before Winter Hibernation

I am sticking with an AAPL short inside Market Chess Subscription Services, entered previously at $116.57 with a protective cover-stop on a close over $120. 

To be sure, Apple remains a terrific firm with a great line of products. It is a widely-owned and widely-loved firm, understandably. 

But from a technical perspective, Apple has clearly lagged the ferocious rallies seen in the "FANG gang" of late, meaning FB AMZN NFLX GOOGL.

On the updated daily chart, below, whether the highlighted pattern amounts to a major top remains to be seen. However, what we can say with certainty is that AAPL is trading under a declining 200-day moving average, giving the presumption of sellers being largely in control.

While the Santa Claus rally may indeed come this year, seasonality suggests it actually tends to come much later in the month of December than most market players usually assume. So consider this a quick AAPL short before hibernation, with the potential to turn into something larger below $105.