Monday, September 20, 2010

Morning Update

So far we aren't seeing anything unexpected.

Above is the obvious triangle I mentioned last night.

Here's our breakout off the gap higher. Notice the first attempt and where it failed, confirming a resistance zone and confirming $113 - $113.05 is the level that is being fought over. The breakout was on moderate volume, if not a little on the low side.

Here we have a slight 3C negative divergence, although I wouldn't make any calls based on it.

And finally AAPL showing a 1 -minute positive divergence and more recently a negative divergence is unfolding on the 1-min chart.

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