Peter Smith
⬤ Apple keeps pushing higher within a solid Elliott Wave structure, backed by strong momentum through late 2025. The stock looks set to extend gains as long as it stays above the November 21 low—the critical support level keeping the trend alive. Technical models suggest a move into the $289.95–$297.95 zone before any meaningful pullback kicks in.
⬤ The chart shows a clear wave sequence with Apple moving through completed impulsive and corrective phases. A confirmed higher low and green right-side signal keep the daily bullish view in play. The invalidation level sits at $239.56—well below current prices—so the broader structure remains healthy. With the W–X–Y correction wrapped up and the pattern shifting back into impulse mode, price action lines up with expectations for more upside.
⬤ AAPL trades above $284 now, closing in on the projected resistance zone. The $289.95–$297.95 target range marks where momentum could start cooling off once this leg matures. Short-term dips might happen, but the overall trend points up as long as that November low holds and the wave count keeps printing higher highs.
⬤ This forecast carries weight beyond just Apple since the stock often sets the tone for the broader tech sector. Continued strength in AAPL helps steady growth stocks and reinforces a positive medium-term outlook as major indexes head into 2026.
Peter Smith
