Apple

small signs of constructive action but not enough to get excited

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trying to form something constructive around this big round 400 level. The bulls need to break above 406-408 asap and fill that gap as price has a tendency to trade in the direction of open gaps. Wednesdays action should give more clues to the direction of price in the short term. Ultimately we'll need to see the start of a new trend emerge or a longer more developed base to form before really getting excited to the long side.

Penafian

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