APPL update

AAPL blew right through earlier projected resistance in the 470-475 range. Next projection for potential reversal is the 1.272 expansion (log scale) of a prior leg as shown on the chart below. The market is trading at that level this morning, which is 503.50. AAPL did have a significant correction at the 1 to 1 level shown on the chart, so 1.272 and 1.382 projections should be watched for reversal setup. There are plenty of higher projections if this one doesn't hold. One is in the 600 area and the 1.382 expansion shown on the chart below is 725.

Kim Rice