And this is why we have been following AAPL so closely. As I said yesterday, "Which came first, the chicken or the egg? No it was AAPL".
Take a look.
AAPL moves to intraday low support
So does the SPY
DIA
QQQ
and IWM
AAPL 1 min in line even with the bounce off support.
AAPL longer view of the 5 min leading negative
Up close intraday though, in line.
This ES divergence has been nagging at me and as I write this post, I see why....
Thus far the only one to show a divergence is correct, as you can see ES is moving up
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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