Apple Inc. (AAPL) followed a bearish technical script, plunging in
the aftermath of yesterday’s marginal new recovery high at 594.59, which
now looks like a bull trap high that concluded the recovery rally from
505.75 to 594.59.
If that proves to be the case, then AAPL has just started its trek
low towards a revisit and retest of support at 530 at a minimum, and
possibly to new intermediate-term corrective lows beneath 500.00.
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