AAPL closed below its last green line break-out (GLB) top. Note the above average volume.
Monthly chart.
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Blog Post: Only 348 new US lows, 70% of US stocks advanced and 96% of NASDAQ100 stocks; High put/call ratio and low $T2108 signaled this bounce
When T2108 falls below 10% the market tends to bounce. Look at low level in June and this week.
Blog Post: $T2108 hits 7.97 intraday; p/c ratio=1.04; 23 new US highs and 945 new lows; 20 year treasuries, $TLT, continue their stage 4 down-trend, see weekly chart
Note how TLT rides the 4 wk acerage down (red dotted line).
