With the stimulus news just playing the markets very differently last two weeks, I decided to take a weekly chart on some of my key stocks and compare any pressure I expect from S&P's timelines on AAPL.
Purple cycle: S&P weekly cycles
Yellow cycle: AAPL weekly cycles.
AAPL broke out a little earlier than I had hoped, which means entry targets have had to be upgraded. The pressure zone between Dec 21-30 still remains based on S&P cycles, but I do expect a green rally from Jan 4 onwards, with possible re-test of 137.9 by Jan 19 and (with enough positive catalyst for AAPL) a rally up to 147 close to earnings.
Feb 22 appears to be a key risk zone as AAPL aligns perfectly with S&P down-side nesting zones. AAPL weekly cycle is rarely aligned directly with S&P's, so I expect a huge risk coming in towards Feb 22 until early April.
Good luck!
Purple cycle: S&P weekly cycles
Yellow cycle: AAPL weekly cycles.
AAPL broke out a little earlier than I had hoped, which means entry targets have had to be upgraded. The pressure zone between Dec 21-30 still remains based on S&P cycles, but I do expect a green rally from Jan 4 onwards, with possible re-test of 137.9 by Jan 19 and (with enough positive catalyst for AAPL) a rally up to 147 close to earnings.
Feb 22 appears to be a key risk zone as AAPL aligns perfectly with S&P down-side nesting zones. AAPL weekly cycle is rarely aligned directly with S&P's, so I expect a huge risk coming in towards Feb 22 until early April.
Good luck!