AAPL intraday 2 min, there's an arrow which would represent a relative positive divergence as price levels were nearly the same and a box which represents a leading positive divergence, similar to what was seen in the DIA around the same time.
I din't annote this chart, I think it's clear enough, this is the same 2 min, but the trend
The intraday 3 min
The 3 min trend
And the 15 min is probably pretty fresh in everyone's memory, although it looks a bit different now (more as it should) with the last 2 days of price action.
As a reminder, we were expecting a rotation in to tech the week of April 20th, Mon/Tues (23rd/24th) we saw the 15 min leading positive divergence BEFORE AAPL reported after market on the 24th. As we have seen on many other charts, there was distribution in to AAPL's earnings gap up in 3C. Since this 15 min leading divergence has been building every day. As AAPL looks a little more like some kind of lateral consolidation, the 15 min positive leading divergence looks more realistic.
However, don't forget the 60 min chart, this is the most important chart and why I've been short AAPL (other than some short term speculative calls for a bounce opportunity).
AAPL had decent trend confirmation on the 60 min chart until March, at the highs AAPL was already in a leading negative divergence, that was the ideal place to be selling AAPL short. The leading divergence has only grown deeper as time has gone on, the 15 min chart's positiv divergence has been enough to throw a little wiggle in the 60 min chart, but that is not going to overcome the depth of that leading negative divergence. I really hope to see a decent AAPL bounce, I'll be filling out my short position on such an event.
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