Monday, March 12, 2012

AAPL Directional move / ES

AAPL should be making a highly directional move shortly...

 This is exactly the set up a long would be buying right now, a triangle continuation pattern with perfect volume for the pattern.

 Just like last Monday, the Bollinger Bands are pinching right here indicating a directional move, I'm surprised it hasn't already happened as the apex of the triangle has already been reached.

Meanwhile, I haven't pulled up out own credit/risk indicators yet, but the CONTEXT ES model (now that all the markets that are in the model are open) is diverging significantly away from ES, again like last night, showing ES as trading rich to the implied model value. This divergence has become much wider since last night.

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