Mixed day in the stock market yesterday. The good news is that yields fell in the face of the higher inflation report. The bad news is that the Russell 2000 and Apple (AAPL) fell to their very important support levels. So, they need to bounce strongly very soon.
UPS has become very oversold at a time that it is testing a very important support level. When stocks test important support levels at a time that they’ve become very oversold, they usually see bounces that last for more than just a few days.
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