This is an update on the possible Apple ED. Since last ED post Apple has done about exactly as predicted. We are now there. Is this an ED? I don't know for sure. Timing signals which are a dime a dozen predict a top right in this area, the 29th seemed a good day.
What is next? We wait and see, to see if Apple tanks and breaks that lower ED trendline, or pops on up into whatever.
This imo is a marker stock.
Tweets
The ED. Not a lot to say, it is or it isn't. If it is it will drop and break the lower trendline, probably fall to the big gap area around 100, rebound, then the bottom will fall out. Probably take 2 to 3 years to complete. Then Apple and the markets would head on up into a Big 5, the real bear killer.
The longterm chart. Imo there are multiple things of interest. The longterm RSI is diverging perfectly to support a top here, a big trading top, which would be a Big 3. It made a perfect 3rd hit on the falling trendline. The fast MACD and the slow PMO are also supportive of a turn here. But this chart does not indicate a big supercycle top, just a big trading top.
 |
