Apple is in the same spot as Amazon is. Apple is currently completing point 12 on Livermore's accumulation cylinder. The next downturn will be much strong and should send Apple lower to at least 113 and more likely lower to the 50% corrective target at 91.46.
Resistance is now seen at 175.35 which we expect will be able to cap the upside for a break below support at 170.00. It will confirm that point 12 has been completed and Apple is playing out no. 13 towards 113 and lower.
