Initial SPX selloff likely bottoms by 8/8; Amazon, Apple analyzed

Markets look to have turned down on schedule.  However, I suspect this won’t prove easy for Market Bears, and cycles show a potential turn 8/7-8/9, which I suspect will be a trading low which then results in SPX turning back higher back above 4600.    I am skeptical 4350-4400 is reached on this initial selloff from 7/27 peaks. 

Simply stated, Wednesday’s deterioration proved to be one of the largest one-d...

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