AAPL price action off June lows provides some clues

The near-term view for Equities continues to show a range-bound, choppy consolidation, as part of an existing downtrend.   Both bulls and bears alike typically get frustrated with these kinds of patterns, and they aren’t typically all that easy to forecast.  Bottom line, despite the mild improvement in both momentum and breadth in recent weeks, there hasn’t been the necessary “upward thrust” in breadth to argue a larger rally is immin...

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