AAPL Update

 AAPL is forming a triangle right at the $600 area, this would be considered a continuation triangle with traders expecting a break lower, this is almost exactly what I pointed out in the BEAV trade idea yesterday. Here's BEAV this a.,m. doing the exact opposite of what traders expect and exactly what we expected.

Although a much large triangle, it was below resistance and a continuation triangle as it is symmetrical, the expectation from TA is a break down, so Wall Street does the opposite and breaks it up as we expected yesterday.

 The 1 min AAPL chart looks like it wants to break to the upside.

 So does the 2 min, it is very close to the apex so any break should come soon, there may be a slight head fake move just as BEAV did this morning as well before a move higher.

Remember that 15 min AAPL chart that was looking strong and causing me some concern about a clean signal? Here it is breaking down, if AAPL moves higher the divergence should be deeper giving us that clear signal I wasn't sure if we'd get this time.