$AAPL TOP 20
Added 2024-04-21 17:28:23 +0000 UTCAs always we start with $AAPL, not only because it is alphabetical leader but it has been the market leader for the last 20 years and leading the MEGA Caps right now through this correction.
Make no mistake, this is certainly in a steep descent and it helped us confirm that the market was topping out in Wave 5.
This is all the way back to its 0.5 Fib now which is a steep pull back for Wave A and the fake bounce last week to retest the 50 Day MA did not help it move for Wave B.
I have Wave B at the 0.236 Fib which is where the 200 DAY MA is moving down to, so I do expect a Wave B bounce over the next few weeks/2-3 months.
Getting back above the 50 DAY MA will confirm this wave for us.
Comments
I started a small position at 179 following the buy area… shall I close it now? Or should I keep it opened during the correction, maybe with a dca?
Federico Salerno
2024-04-21 20:33:02 +0000 UTC
