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AAPL, QQQ both break August lows; Short-term bounce likely by Friday

US Equity markets are likely to show a short-term low by end of week/month/quarter.  However, the break of August lows by AAPL and QQQ is a near-term negative that means this likely might not occur until Thursday/Friday of this week.  Short-term trends, breadth remain negative and momentum is nearing oversold levels while intermediate-term bullish structure remains intact.

At present, it’s tough to spin Tuesday as a positive as market...

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