Markets Chopping but Holding Key Areas -- Chart

Approaching the S&P, Nasdaq, Russell, oil, TSLA and AAPL.

Technical Edge — 

• NYSE Breadth: 47.3% Upside Volume

• NASDAQ Breadth: 43.7% Upside Volume 

One word to describe the recent action: Stalling. 

After a powerful push to the upside, we’re finally seeing the markets chop a bit. That’s actually healthy price action — we need a rest in the market in order for it to continue higher. 

That said, there are still a lot …