It looks to me like AAPL has just completed a 3-wave price pattern into support.
AAPL – 65 Minute Chart #1
As you can see from the above chart, the 3-waves look pretty obvious. What is also obvious is that AAPL is not likely to hit their prior all-time highs any time soon. SLOT resistance is in the $198 – $219 area and the Point of Control since the correction off of the all-time high is $220.30.
AAPL – 65 Minute Chart #2
Since the quarterly earnings report/announcement of no longer providing iPhone sales figures, the Point of Control level generated during the stock selling is $179.04.
Bottom Line – lots of charts look like we have made some type of tradeable low … AAPL is another leading stock that looks like it should bounce here for a couple of weeks at least.
Cheers … Leaf_West