sp'60min
Summary
Little to add.
In wave counting land.. I'd accept that a break above last week's high of 2084 is briefly viable.... as part of some larger ABC /wave'2.
Best case for the bull maniacs is a move to 2085/90 for the opex close. In any case, a break into the 2100s looks out of range.
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notable strength... AAPL, daily
... as some of the bull maniacs are once again hoping for much higher levels into the $130s later this year. There is huge resistance from the $97s to the 103s.
For those who believe the market will break significantly lower this summer, AAPL is an obvious short target.. not least as it has built a series of lower highs.. and lower lows.
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time for lunch