AAPL Update

No market analysis is complete without looking at AAPL. What I find interesting is the negative divergences (remember they flow from the shorter timeframes to the longer timeframes) in AAPL and how there's strong confirmation and how they get very bad at the same area.

I may consider a speculative short in AAPL.

 AAPL, despite launching a new product, has been lateral the last 3 days thus far on declining volume. It seems longs are not willing to aggressively chase AAPL up here.

 Here's the range and volume on a 15 min chart, note volume spikes at resistance and what looks like churning.

 AAPL 1 min

 AAPL 2 min

 AAPL 5 min-all of these charts got worse around the 27th/28th and remember, I consider the 15th to be an important day that we may look back on and see that it was the day AAPL had a significant change in character.

 The 15 min chart confirming the same area.

 It takes a little longer to flow to the longer 30 min chart, but it has and it is deeply leading negative.

The 60 min chart is now starting to see the same weakness starting with a relative negative divergence.