While the mid and long term charts of AAPL look horrible, the shorter charts continue to show what appears to be a set up in AAPL to shake out shorts shortly.
The 5 min chart which was already showing a positive divergence developing late last week is even stronger this a.m.
AAPL 5 min, no confirmation to the downside this a.m. leaves AAPL working on a 5 min leading positive divergence.
The SPX is now near break-even, close to going green.
Financials are still leading, but I'd like to check the relative momentum between financials and tech.
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
No comments:
Post a Comment