AAPL Update

 10 min chart with a triangle with what may be at least 2 head fake moves- 1 is for certain. A symmetrical triangle has no bull/bear bias of its own, it all depends on the preceding trend which in this case was up. That means the triangle (according to Technical Analysis) should have been a consolidation/continuation pattern and should have broken out to the upside and started a new leg up. Look close, AAPL did initially break out of the triangle to the upside, drawing in longs, when price fell below the triangle's apex, longs would likely stop out. TA teaches traders to take the opposite position on a failed pattern meaning they would have gone long, stopped out and then gone short, a move back above the triangle would stop them out a second time. Wall Street knows the game, traders haven't adjusted.

 Today's gap down open wold have brought in additional shorts, the weak shorts would have covered on the momentum move up this a.m., stronger shorts will hold out unless the triangle is broken to the upside. This dip in AAPL today looks very much like a typical rounding consolidation, volume confirms it, it has a bullish bias.

 The 2 min chart intraday has gone leading positive in to the rounding consolidation.

 This is the 2 min chart's trend, leading positive and even higher today.

 That has bled in to the 3 min chart which is also going positive in to the rounding consolidation.

Here's the 3 min chart's trend, again a new leading positive high today.

Keep an eye on AAPL, Tech is the closest thing to a leader today and AAPL moving higher would greatly influence Tech's leadership.