my idea on $aapl, just my prediction ... other elliot wave techs think we are heading into a wave 3 down , i personally think not .. because in wave 3 you usually see a fast drop. If apple was going to drop you would see more weakness in Market internals. We have been coiling in QQQ and look poised to new highs. Lets see if apple will participate . or fake us...
Should we get positive news , elections , China , Virus , etc and mkt keeps rising over the next week or two . I expect 4000 PT on SPX by New Years. This my outlook / blueprint of how i see it play out. Check my previous Bear scenario for if we break down.
I expect mkts to keep rising given how weak the selling has been. The Pull back has been weak , and failed to break down. IF it should . this the scenario i have for it. I will be watching this week. the Bull scenario is ABC correction is over and that can be a short corrective wave 2 completion.
My idea on Banks coming up. For some reason i believe Banks like JP and GS will do well coming up. And believe while techs take a break possibly and even some names retreat , Financials will have to step in and save the day with MKTS. GOOD LUCK TO ALL
