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AAPL Levels to Watch


As per our discussion with subscribers yesterday, Apple Inc. (AAPL) triggered a near-term sell signal when it declined to a 668 print.

It followed through to 659.41 in yesterday's aftermarket session, but this morning it has recovered into the 669/670 area so far.

Purely from a point-and-figure perspective, Apple needs to print 670 to trigger a rising column of blue Xs.

However, the Xs do not represent a buy signal, only that the prior downleg is complete for the time being.

Apple needs to claw its way to a 682 print to trigger a new buy signal.

Barring such a print, current strength represents a recovery rally within a still-active sell signal.

Inability of Apple to print 670, and/or a resumption of weakness that prints 662, should trigger another bout of selling pressure that projects next to 650.

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