Apple (AAPL) tops out? Elliott Wave says not yet [Video]

Elliott Wave Forecast Team ElliottWave-Forecast.com

Short-term Elliott Wave analysis in Apple (AAPL) shows the cycle from the August 1, 2026 low unfolding as a five‑wave impulse. From that low, wave 1 ended at $322.37. A corrective decline in wave 2 followed, finishing at $309.90. The stock then advanced in wave 3, reaching $345.34. A measured pullback in wave 4 completed at $325.81, setting the stage for the next rally.

The subsequent advance carried the stock to new highs in wave 5. Yet the rise from wave 4 has developed in only three swings, which signals that further upside is likely. From wave 4, wave ((i)) concluded at $341.57. The pullback in wave ((ii)) ended at $330.70. The stock then resumed higher, with wave ((iii)) extending to $348.15. A near‑term pullback in wave ((iv)) is expected, but it should remain above $330.70 to preserve the bullish sequence. If this level holds, the market should continue upward to complete wave ((v)) of 5. After wave ((v)) finishes, Apple is projected to enter a larger corrective phase. This correction will retrace the cycle that began at the August 1, 2026 low.

Apple 60 Minute Elliott Wave chart

AAPL Elliott Wave [Video]

Author

Elliott Wave Forecast Team

ElliottWave-Forecast.com

AUD/USD falters just above 0.7000; looks at the jobs data

AUD/USD has briefly managed to surpass the 0.7000 threshold on Wednesday, although the move rapidly dissipated following higher-than-estimated US inflation data in September, which has eventually lent extra legs to the Greenback. Moving forward, the release of the labour market report will take centre stage in Australia on Thursday.

USD/JPY consolidates near 158.50; looks to US CPI for fresh impetus

USD/JPY stays range-bound near 158.50 in the Asian session on Wednesday, with looming intervention risks supporting the Japanese Yen and capping upside amid a softer US Dollar. However, geopolitical uncertainties act as a tailwind for the safe-haven USD and the pair. Traders also seem hesitant ahead of the release of the latest US inflation figures.

Gold remains offered below $4,100

Gold adds to the weekly bearish tone and slips back below the $4,100 mark per troy ounce on Wednesday. Indeed, the precious metal continues to suffer the stronger US Dollar and rising US Treasury yields as bets for extra tightening by the Fed remain on the rise following US inflation figures.

Bitcoin and Gold Forecast: BTC and XAU drop after hot US CPI

Bitcoin (BTC) is edging lower toward $82,000 on Wednesday as headwinds from sticky inflation in the United States (US) force investors to reevaluate their positioning. Gold (XAU/USD) remains under sustained selling pressure, trading below $4,100 and falling for a third consecutive day. As the correction intensifies, a retest of key $4,000 support appears likely unless bearish momentum abates.

Stock futures just went red on the CPI. Here's what the bond market is pricing that equities haven't caught up to

Since late June, the bond market has been pricing in a Federal Reserve (Fed) that keeps raising rates into 2027, and most US stocks have already been marked down for it. The S&P 500 hasn't, because a handful of AI-linked giants make up much of the index and their prices haven't followed the rest.

Has Bitcoin really escaped the macro forces it was built to fight?

Over 17 years ago, Satoshi Nakamoto designed Bitcoin (BTC) on the back of a global financial crisis as an alternative to the global monetary system outside the control of central banks, governments and traditional intermediaries. This raises a key question: has Bitcoin really become independent of the macroeconomic forces it was built to challenge?