$AAPL: Count, Structure, Target

Just following up on Apple. Last post was here. Note the orange buffer, which has served as support throughout the early part of the year, and is now resistance. Note the parallel rails (green thing we’re in now), at which we are struggling now. I’m not sure if I should count this as a “super-nest” of ones and twos, so I will only deal with one wave at a time, for the time being. The advances off the May and June lows look to be in only three waves each (the green and blue “a-b-c”  labels), making them corrective in nature (which means the “trend” should still be “down”).

Below that buffer, I expect this to fail, and if so, the next move down can go to about $110.


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