• 30 mins Tesla Looks To Jump Into Indian Market
  • 3 hours Global Banks Lay Groundwork To Re-Inflate Asset Prices
  • 19 hours Homeowners Experiment With Risky New Investment Trend
  • 22 hours U.S. Tech Stocks Look Increasingly Vulnerable
  • 1 day De Beers To Expand World’s Most Profitable Diamond Mine
  • 1 day Ford CEO Gets Raise After Massive Layoff Round
  • 2 days Germany’s Flirtation With Recession Could Cripple The Global Economy
  • 2 days Where To Look As Gold Miners Inch Higher
  • 3 days Google Faces Billions In Fines From European Regulators
  • 3 days The Energy Industry Has A Millennial Problem
  • 4 days Russian Banks Scramble For Sanction Loopholes
  • 4 days Gold ETFs Take A Hit After Four-Month Run
  • 5 days European Union Takes Aim At Ten New Tax Havens
  • 5 days Goldman Defends Trillion-Dollar Corporate Buyback Spree
  • 5 days $600 Billion At Risk As Boeing Fallout Continues
  • 5 days Venezuela Has Yet Another Crisis Developing
  • 6 days Wells Fargo Accused Of “Ongoing Lawlessness”
  • 6 days Hollywood Agency Returns $400M Investment To Saudi Wealth Fund
  • 6 days Why Twitter's CEO Is Backing A New Bitcoin Boom
  • 6 days U.S. Treasury To Employ “Extraordinary Measures” To Fend Off Default
The Chatroom Cartel Running Global Bond Markets

The Chatroom Cartel Running Global Bond Markets

Eight major banks have been…

Lending: The Good, Bad, And Ugly

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

  1. Home
  2. Markets
  3. Other

5 Waves to a Top? (AAPL)

Since my last post on AAPL it's pushed up a little more, although in the context of the larger pattern from the Nov 2016 lows I still think it counts well enough as an impulse wave. With the spike from earnings we now have enough gyrations to suggest a reversal; a strong move back under 143.25 would be the 1st clue to support a move lower. If wave 3 has ended, wave 4 is likely to carry prices towards 133.00 - 128.00.

Apple 4-Hour Chart
Larger Image

It stands to reason if AAPL breaks down, it should suggest the NDX follows due to the weighting of AAPL in the NDX, it is an important stock, although some other tech favorites will also need to follow. A 3 wave pullback on AAPL should align with the NDX pulling back in 3 waves for its respective 4th wave.

Apple Daily Chart
Larger Image

 

Back to homepage

Leave a comment

Leave a comment