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.

December 3rd, 2014: AAPL Wave Count Update

Posted by pugsma on December 3, 2014

5:55 pm EST:  AAPL looks to have completed minor 1 of major [5]-P5 at 119.75.  The move down to from 119.75 to 111.27 is either wave (w) of minor 2 (primary count) or all of minor 2 (alternate blue count).    For the primary count the move back up from 111.27 to 115.92 thus far looks like an (x) wav of a double Zig-Zag for minor 2.  Once wave (x) completes, there should be a wave (y) drop to the 50%/62% retrace target of 107.46/104.51, before minor 3 heads above 119.75.   I’m thinking major [5]-P5 might play out a large ending diagonal over the next 6 to 9 month with a final target between major [5]=2.62*[1] = 125.39 and P5 =2.62*P1 = 131.01.

AAPL 60-min chart (EOD):

PUG AAPL 60-min chart EOD 12-3-14

AAPL 4-hr chart (EOD):

PUG AAPL 4-hr chart EOD 12-3-14

AAPL daily chart (EOD):

PUG AAPL daily chart EOD 12-3-14

AAPL weekly chart (EOD):

PUG AAPL weekly chart EOD 12-3-14

Sorry, the comment form is closed at this time.

%d bloggers like this: