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Session Lows After Largest Sell Program Of The Day, Apple Slipping

STOCKS
  • ESA hits session lows of 3941.25 (-0.7%), coming after the largest sell program of the day (1111 names), helping extend a recent bounce in the USD. Apple weighs, falling more than 2% to its lowest since Nov'10, potentially on unconfirmed reports on lower than expected iPhone shipments.
  • Headlines a short time before that China’s Zhengzhou city (iPhone City) will return to normal Covid control measures Nov 30 provided no notable boost.
  • The move brings support at 3928.73 (20-day EMA) closer in play, clearance of which would open stronger support at 3887.17 (50-day EMA).

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