AAPL Update

While probably not helpful to the QQQ's upside case for much longer, AAPL is not quite the trade set up that I think probabilities suggest it could be, but I wouldn't post it if I didn't see those probabilities as being very near term.

This would be letting the trade come to us, a better entry, lower risk and proof of the nature of the trade before it is entered.

Here are the charts, at this time I don't see the potential trade as more than a deep swing trade, but that can change quickly, especially with the Holiday shopping season upon us.

 near term intraday there's a negative divegrence through a bullish consolidation/continuation triangle, a very common price pattern in a very watched stock making a head fake move here high probability, the envisioned move is above the triangle's apex, verify a head fake move and distribution and enter short there with a move to the downside following. A stop can be set above the intraday highs of the entry day.

 I love charts like this 2 min trend as they show calibration of 3C as it correctly verifies the uptrend and then goes negative at the questionable price pattern/head fake area.

 However in context, the same chart has a more ominous tone.

The 5 min chart shows the same, confirmation, divergence.

As well as the longer trend in context, very similar to the 2 min trend.

I'll be setting price alerts, looking for a triangle breakout and confirmation of a head fake move which is a probability right now based on the negative signals through the triangle.