AndyM

Strong divergence,declining volume, set for major top on earning

NASDAQ:AAPL   APPLE INC
646 4 11
Again, as three months ago, I am expecting SPX             to reverse in the nearest days.

In order to deternine the point of reversal I am checking major stocks for their wave structure. AAPL             is one of them and here it is - looks like a major top is about to be set next week (pre- or post-earnings).

A very significant divergence on MACD , combined with the volume declining for already 2.5 years in a row, and a nearly completed wave stucture of a 2-year long impulse suggests we are getting ready for at least a good correction.

Get your cash ready, time to go shopping soon (again:)
So short term 140 price target and 4th quarter down?
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AndyM PRO normanu
yes, something like that, but 140 is a stretch.
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Very interesting analysis
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