Not too long after the BATS hoopla with AAPL, it forms a very visible triangle in the most watched stock in the market and just above support.
Not a perfectly drawn triangle, but a clear triangle, look at volume.
As much of yesterday, 3C is inline with AAPL's price, which in itself is strange, these in line sessions don't usually last very long, it did catch the spike as negative in the yellow box, but since then, pretty much in line with price.
The same with the 2 min chart (green arrows denote in line trade or trend confirmation).
And the 5 min.
For me this is all more just academic curiosity, my position has been clear on AAPL for some time and AAPL hasn't disappointed yet, however these little market manipulations are always interesting and are great to learn from. I suspect we'll see at least 1 if not 2 or more head fakes from this triangle.
Is interest rates about to start going up?
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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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