Seems like minuette wave (iv) is playing out perfectly. Another choppy day with some downside corrective action. A perfect wave (iv).
There is a good chance that today wave (iv) could have ended at 1103. It looks like a decent wave (iv) on the charts. I don't think it should go much lower than this.
As long as 1103 holds from here, wave (iv) has ended. Breaking back above 1115 would mostly likely signal the start of wave (v). Targets for wave (v) should be more clearer once we know it has started.
If 1103 does break tomorrow, 1100 and 1088 are the key pivots.
On the hourly charts, Apple has a pattern that is almost a perfect situation for Intermediate wave (4).
There is a complex head and shoulders pattern that could take us to the lower 200's. Look at my charts of the day panel at the top for the daily chart and a more detailed look.
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