Apple Fails the Technical Test and Helps Drag Down the S&P 500 With It

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Is that all there is? Has the bear market rally, which started in earnest on May 23, already met its end? The short-term rally pushed the S&P 500 back above the neckline (black dotted line) of a massive head-and-shoulders pattern (curved lines), but then the index stalled out between 4,100 and 4,200 (shaded yellow). Any uncertainty as to how that …

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