Yesterday we noted that Apple (AAPL) is currently in the midst of its 4th 20%+ drawdown in the iPhone era.  Below we highlight Apple’s (AAPL) price relative to its 50-day moving average (DMA).  As shown in the first chart below, AAPL’s share price has plunged well below its 50-DMA on this recent move lower.

Just how far is Apple (AAPL) below its 50-day moving average?  At -19.02%, this is the farthest AAPL has been below its 50-DMA in 10 years dating back to the Financial Crisis.  AAPL hasn’t been this far below its 50-DMA throughout the entire bull market for equities that began on March 9th, 2009.  Talk about brutal action lately!