AAPL Update

 AAPL has done exactly what we expected, it has broken both resistance levels and there's distribution in to a very volatile move.

 The 15 min chart still says AAPL can go further, but if I had time to place trades right now, I would be PHASING into AAPL shorts, hedge funds seem to be flocking for the exits on any strength. Again, if you phase in, you MUST allow room to add at higher levels which are certainly possible at this time.

 The 1 min chart is nasty, but the 2 min chart below really shows what is going on with less noise.

 Look at that leading negative divergence-they are selling in to any strength, but remember their positions are HUGE.

The 5 min chart is starting to turn.

Being this market has a LOT of "ifs" I would prefer to start to look at phasing in to short positions on this strength, but again, the 15 min chart is still pretty strong, this indicates more upside is possible and even likely unless we really see the 15 min start to fall apart.

We are above the resistance areas we wanted to be above with the tech rotation we were looking for, I have a gut feeling that this may be a little early to enter large positions, but the market is becoming more and more unpredictable with this volatility and options expiration.

IF I had time to place some trades, I would probably be looking to start a position in AAPL short, but I would leave plenty of room to add on further upside, it doesn't have to come tomorrow, it could certainly come Thursday.