AAPL, BABA July 4

AAPL: not much has changed to our POV on AAPL. Still in a down trend and needs to break above the upper red trend channel line to make us 100% bullish as the current count off the blue “IV?” low can either be a wave 1 or b; as shown.  A break above that price high will turn us 70% bullish.

aapl 1

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BABA: If the BABA bears are not careful, the bulls will turn this into a bull flag due to the sideways consolidation over the past 3 months. A break out above the upper horizontal trend line at around $80, followed by a successful retest- will go a long way for the bulls. Price is then set to target low $100s for a possible iii/c wave.

baba