Support at Hand?

The last two weeks have seen the market’s sell-off accelerate to the downside.  Support – at least short term – may be at hand.  The S&P is hitting the falling trendline that runs through the major tops of 2008 and 2011.  1300 also has some history of support/resistance as a price level.

AAPL, a major market leader over the last few years is also returning to a major trendline that it broke above in the last six months.  One would expect the trendline to provide support after nearly twenty years as major resistance.

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