AAPL pulled back down to the 6DAY SMA and bounced back as the whole market also bounced back from the low. Here are my notes and what to watch out for:
-Looks like wave 3 of Elliott Wave has ended and looking for a slight pullback to form that wave 4 before another leg up.
-Watching the 21DAY SMA for a bounce or all the way down to .382 fib retracement.
-I would wait for confirmation and if the overall market continues to move higher.
-A small pullback would be healthy and would have more conviction on an ER run up to 150
AAPL
-Looks like wave 3 of Elliott Wave has ended and looking for a slight pullback to form that wave 4 before another leg up.
-Watching the 21DAY SMA for a bounce or all the way down to .382 fib retracement.
-I would wait for confirmation and if the overall market continues to move higher.
-A small pullback would be healthy and would have more conviction on an ER run up to 150
AAPL
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