AAPL may be ready to drop into an expended wave 3 or 5, depending on what happens with the markets tomorrow. As far as I can tell, either wave 4 or wave 2 of 3 (of 3) was finished this morning - I've market the latter. Regardless of Elliot Wave Theory or Fibonacci, if they enter the gap under 140 and fail to recover, a major price support will have been broken. Recently I thought maybe AAPL would rally higher to 170 but now I'm having my doubts as the ratio charts I was watching have all broken down. I covered the ratio charts of AAPL in this post.
Either way, I believe it's time for AAPL to drop quite hard and outperform to the downside all other indexes into Christmas.
I know many will scoff at this idea, and I'll be happy to update if it gets invalidated. I am short aapl as of today. Good luck!
Either way, I believe it's time for AAPL to drop quite hard and outperform to the downside all other indexes into Christmas.
I know many will scoff at this idea, and I'll be happy to update if it gets invalidated. I am short aapl as of today. Good luck!
Komen:
AAPL divided by SPY weekly chart
Komen:
AAPL divided by Dow Jones (weekly chart)
Komen:
Bull flag formation on AAPL 5 minute chart. A strong breakout would be bullish and it will go higher. If it breaks down it would be bearish.
Komen:
they broke out of the flag, and then came back in and out again. Anyway the daily candle is a spinning top. Obvious resistance at the ma cluster around 145ish.
Komen:
rejection from ma cluster at 145
Komen:
trendline has held on AAPL, all bounces should be sold
Komen:
potential bear flag on AAPL this morning.
Komen:
into the gap area, but at daily BB support, I expect a bounce to try and retake 140 sooner rather than later.
Komen:
AAPL to trendline and weekly BB, don't think this goes much lower for now....
Komen:
4th wave should be done, play the chart and you'll see it. Mislabeled the top...
Komen:
AAPL is now embedded bearish on the daily slow stochastic, and lost it's well defined channel. Should go to the weekly 200ma next at 115 area.
Komen:
recovery after breakdown but now looks like another objective short level on the great white whale.
Komen:
AAPL getting hammered after hours. Bulls' are saying it's gonna be like MSFT and bounce back hard. Probably not considering the technicals.
