Getting $AAPL Right Gets a Lot Right

In this post, I detailed my expectations for $AAPL to bottom soon or after a “nominal new low” and then rally to the blue b wave noted in that post. We got the nominal new low, but have since made further lows. This leads me to suspect that I missed an internal wave division (I have added them in red here). So, the thesis remains the same, but: the target for blue b is now a bit lower and, of course, now pushed out in time a bit. The bearish case remains short-term bullish here: we should get a big relief rally before another leg down.

The bullish case is that we will bottom soon and rally to new highs (I am preparing a post to defend this view, by the way, and I hope to have it up this weekend).

AAPL

 


Note: When my work is first published on this website, it is made available to patrons who support my work through my Patreon account. Over time (usually after a period of a few months), I make the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page.


Leave a Reply

Your email address will not be published.