Short term Elliottwave structure suggests wave (W) dips to $89.47 ended cycle from 4/15 peak. From there, Apple (NASDAQ:AAPL) is in wave (X) bounce to correct the decline from 4/15 peak. Internal structure of wave (X) bounce is unfolding as a zigzag where wave A ended at $95.21, and wave B ended at $93.54.
There’s enough number of swing to call wave ((v)) of C of (X) to finish, even though a marginal high is still expected towards 101.33 – 103.72 area to complete wave (X) bounce before Apple turns lower.
We don’t like buying the proposed push higher. As far as 4/15 pivot at 112.39 remains intact in the bounce, we expect Apple to find sellers from $101.33 – $103.72 area and turn lower either to new lows or at least pullback in 3 waves.