I'm really watching AAPL as a barometer for a reversal and because I want to re-enter another put on it and I'm really having a hard time staying patient with AAPL at this point and am itching to pull the trigger on some puts for the MP.
Yo already saw the 30-60 min charts earlier, here are the intraday charts.
1 min zoomed out is not in confirmation, it is leading negative, you can see Friday's positive divergence for today's bounce.
1 min intraday is turning here.
2 min zoomed out, with Friday's relative positive divergence (a relative divergence is weaker then a leading divergence) and a leading negative in to today as expected.
2 min zoomed in, there's a relative negative divergence here.
5 min zoomed out showing the negative divergence at last week's move on Mon-Tues. and the positive divergence from Friday that had me wait on a position in AAPL.
Zoomed in the 5 min is leading negative.
Although the market tends to act like a pendulum and swing much further then you expect both ways, I'm pretty much at the point I'm willing to take the risk of a little more upside if it comes as AAPL is looking juicy here. I'm going to look at the averages and ES before making a decision, but I'm leaning toward at least a partial position using Puts.
No comments:
Post a Comment