Wednesday, March 7, 2012

AAPL Update

AAPL has their event at 1 p.m., I would expect to see some buying in to 1 p.m.

 AAPL 1 min with yesterday's afternoon positive divergence.


AAPL 2 min shows the head fake move in the yellow box with a very negative 3C divergence in to that move, and yesterday's opening positive divergence then the afternoon positive divergence. Right now both charts are in line with AAPL's morning action thus far.

The longer term or bigger picture in AAPL...

 AAPL 15 mmin negative divergence and current trade is slightly leading negative

The 30 min chart shows confirmation in Green, then a negative divergence on the 15th which I think is a key date, 3C hasn't made a higher high since the 15th and has been leading negative ever since.

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