PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

  • Meta

  • Follow Blog via Email

    Enter your email address to follow this blog and receive notifications of new posts by email.

  • Subscribe

  • PUG Wave Labeling

    SCI-SCV, SCA-SCC: Super Cycle
    C1-C5, CA-CC :Cycle
    P1-P5, PA-PC : Primary
    [1]-[5], [A]-[C] : Major
    1-5, A-C : Minor
    (1)-(5), (a)-(c) : Minute
    i-v, a-b : Minuette
    Primary Count:
    White/Green (Bull Market)
    White/Red (Bear Market)
    Alternate Count: Blue

  • Categories

  • Archives

July 1st, 2013: AAPL Wave Count Update

Posted by pugsma on July 1, 2013

12:45 pm EST:  AAPL’s primary count is looking good with a potential double bottom at 385-389, which would target 543 on a break above 466.   The primary count minor 2 low is at 389 and minor 3 of major [1]-P5 is underway with a target at 520, where minor 3 = 1.62*minor 1.  Ultimately, major [1] should complete in the 540-550 area corresponding to the double bottom target.  Note that a break below 389, will invalidate the primary count confirm the alternate (blue) count.

The alternate (blue) count calling for a new low below 385 at 350, will become invalid on a move above 419.  The wave (3) of minor 5 of major [C] low is at 389 and wave (4) of minor 5 should stay below the 38% retrace of 415.  Once wave (4) completes below 415, the wave (5) should move to at least 368, where (5)=(1).  This final move lower would conclude P4.

AAPL 60-min chart (mid-day):

PUG AAPL 60-min chart MD 7-1-13

AAPL 4-hr chart (mid-day):

PUG AAPL 4-hr chart MD 7-1-13

AAPL weekly chart (mid-day):

PUG AAPL weekly chart MD 7-1-13

Sorry, the comment form is closed at this time.

%d bloggers like this: