• 826 days Will The ECB Continue To Hike Rates?
  • 826 days Forbes: Aramco Remains Largest Company In The Middle East
  • 828 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,228 days Could Crypto Overtake Traditional Investment?
  • 1,232 days Americans Still Quitting Jobs At Record Pace
  • 1,234 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,237 days Is The Dollar Too Strong?
  • 1,238 days Big Tech Disappoints Investors on Earnings Calls
  • 1,239 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,240 days China Is Quietly Trying To Distance Itself From Russia
  • 1,241 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,245 days Crypto Investors Won Big In 2021
  • 1,245 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,246 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,248 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,248 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,252 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,252 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,253 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,255 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis of AAPL

Simply put, time is running out for the bulls, the failure to move back above 130 is a problem, it supports an earlier idea I was working and that a peak could well be in place for AAPL at 134.55. The bulls need to see some buyers and push it back above 130 very quickly or I think with the way the rest of the markets are looking we could see much more downside from current levels especially, if we see a sustained break of support on the other tech indexes such as the NDX, COMPQ and AAPL.

Apple Daily Chart 1
Larger Image

If the current COMPQ idea is correct and we are going to see a large decline, I doubt AAPL holds up much longer. A strong decline under 125 will help the bearish case, so it's up to the bulls now to stand and fight or run away and rollover and play dead as the bears take over. Either idea suggests a larger decline is likely close by.

Apple Daily Chart 2
Larger Image

 

Back to homepage

Leave a comment

Leave a comment