Already had my short term ABC correction wave in play, but this changes a lot for me. AAPL super overextended for the entire month of August all the way up into the 2.382 level. If that had not happened, this correction would've already been over, and we probably would've popped on earnings instead of dumping.
But, that's ok, as long as we head down to $95 and fill gap. that will create a very deep pullback underneath the 1.382 level. This would coincide with my linked idea of SPY retesting 300, so there's major confluence there as AAPL would just drag down SPY to where I want it to be.
After that correction to $95, I think we'll be at the point where a vaccine is in play, the market has semi-stabilized, and we can start moving up in a bull count over the next 6-10 months, considering my wave 1 begins a year before COVID. I am targeting the 3.382 level, just because of the wave rules. That is the only way this would be a valid count; AAPL has to make new highs.
Very excited to watch this count play out, and I'll go long AAPL when gap below is filled.
But, that's ok, as long as we head down to $95 and fill gap. that will create a very deep pullback underneath the 1.382 level. This would coincide with my linked idea of SPY retesting 300, so there's major confluence there as AAPL would just drag down SPY to where I want it to be.
After that correction to $95, I think we'll be at the point where a vaccine is in play, the market has semi-stabilized, and we can start moving up in a bull count over the next 6-10 months, considering my wave 1 begins a year before COVID. I am targeting the 3.382 level, just because of the wave rules. That is the only way this would be a valid count; AAPL has to make new highs.
Very excited to watch this count play out, and I'll go long AAPL when gap below is filled.
