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Tech Giants Rally Ahead Of Earnings Reports

Tech Giants Rally Ahead Of Earnings Reports

Earning season has just begun,…

Investors Bullish As Earnings Season Kicks Off

Investors Bullish As Earnings Season Kicks Off

The first round of earnings…

Elliottwave-Forecast

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Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to…

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Apple $AAPL Short-Term Elliott Wave Analysis

Short term Elliottwave structure suggests wave (W) dips to $89.47 ended cycle from 4/15 peak. From there, Apple is in wave (X) bounce to correct the decline from 4/15 peak. Internal structure of wave (X) bounce is unfolding as a zigzag where wave A ended at $95.21, and wave B ended at $93.54. There's enough number of swing to call wave ((v)) of C of (X) to finish, even though a marginal high is still expected towards 101.33 - 103.72 area to complete wave (X) bounce before Apple turns lower. We don't like buying the proposed push higher. As far as 4/15 pivot at 112.39 remains intact in the bounce, we expect Apple to find sellers from $101.33 - $103.72 area and turn lower either to new lows or at least pullback in 3 waves.

AAPL Short-Term Elliott Wave Analysis Chart
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