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AAPL Faces Short-Term Resistance

|Includes: Apple Inc. (AAPL)

AAPL is testing the trendline that extends downward from its recent top. It's a small test, but one that gives an early clue as whether AAPL's recent bounce is likely to have legs.

The success/failure of this market leader may also have implications for the broader market.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.