• 2 hours Huawei’s Fate In The Air
  • 5 hours Tesla Slashes Prices Again
  • 7 hours The Modern History Of Financial Entropy
  • 23 hours Italy’s Central Bank Embraces Sustainable Investing
  • 1 day Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 1 day Researchers Push To Limit Space Mining
  • 1 day Could China Start Dumping U.S. Treasury Bonds?
  • 2 days Is Winter Coming For HBO?
  • 2 days Rise Of EVs Signals Peak Gasoline
  • 3 days Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 3 days Gold Mining Stocks Stuck In Limbo
  • 4 days Executive Order Targets Huawei Over Espionage
  • 4 days Why Now May Be The Best Time Ever To Hold Gold
  • 5 days Fake News Sinks Shares In UK-Based Bank
  • 5 days De Beers To Build $468 Million Diamond Recovery Ship
  • 5 days Moody's: Turkey Faces Possible Credit Downgrade
  • 5 days Tesla's Solar Sales Are Slipping
  • 6 days Auto Industry To Get Temporary Tariff Relief
  • 6 days Welcome To The World’s Biggest Free Trade Area
  • 6 days Central Banks Are Stockpiling Gold At The Fastest Rate In Half A Decade
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

  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