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:)
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:)
