AAPL Update

AAPL is in a very narrow triangle/range

 This would suggest a highly directional move, being it's 1 p.m., there's certainly enough time for several shakeout moves above/below the apex of the triangle.

 Here's the 1 min chart intraday, after early gains 3C intraday went negative just before 10 a.m. and shortly after AAPL went lateral losing the upside momentum it started with. For technical traders this is taken as a bullish continuation pattern, there's certainly a set up in place that could take the bulls for a bath here. The current a min chart is leading lower.

 From AAPL's last breakdown on the 21st until now, you can see the longer term trend on this chart is leading negative.

 The 2 min intraday chart went negative at 10 a.m. and AAPL has been in this lateral consolidation, the 2 min chart is seeing the weakness from the 1 min chart above and leading negative.

 Even the 5 min chart intraday in now leading negative here.

Note how the Bollinger Bands have narrowed considerably today, this is indicative of a highly directional move, like I said, we have enough time in the day for there to be several shakeouts around the triangle's apex.

Last time AAPL fell quickly on the 21st, the 15 min Trend Channel was about the right length to catch it, so I would judge any volatility shakeouts with this channel around $612, a break below that could certainly spell trouble for AAPL as it saw a very parabolic move the last two days.