Things are getting interesting with the first real sign of weakness observed in the parabolic move for AAPL. The price has crumbled below $500. Let's see if dip buyers step in and try to keep its rally going. Wave theory isn't going to very helpful here.
The short-term count below suggests another move higher towards 1362 to complete the wave that started in mid-December. The last wave remaining would be the (v)th of 5th.
Immediate support is in the 1335 area. Below that would be a short-term reversal.
After that, a quick move below 1300 (in less than 2 weeks) would be required to confirm the end of the move since mid-December. Otherwise a continuation is more likely.
1371 is the level that should not be breached according to a few Ellioticans I have spoken to.
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