As Apple Goes, the Market Goes

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AAPL

• It is possible that AAPL completed five waves up, with an ending diagonal from the August low, since Apr’24.

• The ending diagonal would look better with one more high, as per the blue Elliott Wave (EW) count.

• As some of you might recall, we called both July’s top and August low.

• After five waves up, at least three waves down follow as per Elliott Waves rules.

• Notice negative divergences in RSI and MACD. They are compatible with a high of sorts.

• For a longer-term outlook please watch our AAPL YouTube video below.

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  • Watch this video for insights about long-term AAPL EW count, and cycles.

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