The Market's Go To Hail Mary is Hitting a Brick Wall

It may not be immediately apparent at first glance, but AAPL looks like it's hitting a brick wall.

 Yesterday we got our first glimpse of what may be churning in AAPL, although it was a strong day, Smart Money would have been looking to buy a pullback, not to chase AAPL after it's already moved higher starting with After hours on their earnings. The heavy volume and the upper wick on the candlestick suggested the possibility of churning, strong hands selling to weak hands or smart money selling to dumb money which can also be smart money shorting to fill dumb money's orders. Today as AAPL barely moved and saw the same upper range resistance on heavy volume, the churning argument just got stronger.

 The 5 min chart suggests that's exactly what has been happening.

As does the 15 min chart which moved to a leading negative divergence in a rather flat range over the last day and a half.

It may be that smart money has no more use for juicing the market with AAPL.