Downside Targets For S&P 500 Pullback As Key Market Breadth Indicators Rotate From Bullish To Bearish
Portfolio Pulse from David Keller
Market breadth indicators, including the McClellan Oscillator and Nasdaq 100 Bullish Percent Index, have turned bearish, signaling potential downside targets for the S&P 500. Apple Inc (NASDAQ:AAPL) remains in an uptrend, but the overall market may face a pullback.
June 26, 2023 | 7:00 pm
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Apple Inc (NASDAQ:AAPL) remains in an uptrend with higher highs and higher lows in 2023, despite bearish market breadth indicators signaling a potential pullback in the S&P 500.
Apple's stock is displaying an uptrend with higher highs and higher lows, indicating a positive short-term impact on its stock price. However, the bearish market breadth indicators may affect the overall market, including Apple, but the company's strong performance could help it withstand potential market pullbacks.
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