Bulls and bears entered a duel on the hourly chart last week, hinting that Apple could be range-bound for weeks to come. Bears hold the edge on the daily chart, however, and could press their advantage if they are able to push this vehicle to a weekly close beneath 448.20. That is the midpoint support of the corrective pattern A=507.92 (9/9); B=447.22, C=478.55, and it holds crucial importance for the short- to intermediate-term picture.
