Thursday, March 22, 2012

APPL is the market

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

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