The market enjoyed $AAPL's AI Day and their partnership reveal with Open Ai, they also added a feature where you could take a loan out with $AAPL through $AFRM, which accounts for $AFRMs strong day yesterday.
We have eliminated the the Bear Case corrective wave as the price shot up +7%, adding $180 Billion Market Cap in one day, an astonishing job.
Price has made a new ATH and we can see that the moving averages are now turning bullish, so we expect $AAPL to move with the market higher for the next 2 months or so until there is a rate cut.
Price action consolidated between $162 and $200 from May '23 to June '24, which be a long Wave 4, something we have seen a lot of lately.
The higher limit for $AAPL now to compete Wave 5 is at $240
However, I would be watching for Wave 5 to complete between $223 - $240
Mo
2024-06-12 15:46:11 +0000 UTCGareth Neary
2024-06-12 13:27:14 +0000 UTCMing
2024-06-12 13:01:19 +0000 UTC