AAPL Continues to Digest its September Advance. What Now?

There are 19 trading days remaining before Apple Inc. (AAPL) releases its next corporate earnings report (Oct 27).

Right now, my technical pattern and momentum work argue that AAPL is in the grasp of a digestion period off of the Sept 19 high at 116.19, which when complete, should resolve into another powerful upleg to 119-122, in route to 130-135 thereafter.

The $64,000 question is whether the digestion period will confine AAPL weakness above 111.00 support, or morph into a deeper correction into the 108-016 support zone?

In either scenario, however, the overall pattern work argues strongly for higher prices thereafter, which should unfold in the days well before the Oct 27 earnings report.

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