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June 14th, 2014: AAPL Wave Count Update

Posted by pugsma on June 14, 2013

3:30 pm EST:  Primary count is that wave (2) of minor 3 of major [1]-P5 is ending here at the 78% retrace of 427 or 88% retrace of 424.   This primary count remains valid above the minor 2 low of 419.  Once wave (2) completes, wave (3) of minor 3 should break the IHS neckline at 466 and head for the 489 target, where (3)=1.62*(1).  The minor 3 target is 517 and ultimately major [1]-P5 should reach the IHS target of 546 in the next few months.

The alternate (blue) count is that minor 2 of major [1]-P5 is headed lower to re-test the 386 P4 low.  The minor 2 targets range from 416 (62% retrace) to 396 (88% retrace).

AAPL 60-min chart:

PUG AAPL 60-min chart 6-14-13

AAPL 4-hr chart:

PUG AAPL 4-hr chart 6-14-13

AAPL weekly chart:

PUG AAPL weekly chart 6-14-13

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