AAPL Update-Short Trade

AAPL is probably a decent short here, even with the intraday move down.

AAPL hasn't been giving great signals lately, I speculated some time ago before it stopped giving signals that the accumulation phase in AAPL was large and done and we shouldn't expect to see much in the way of positive divergences, it turns out that warning was accurate.

 1 min trend is negative and leading negative here.

1  min close up

 3 min neg. divergence

 5 min negative divergence, at this point AAPL is in line with most of the market for a move down near term.

 This is where AAPL saw a lot of accumulation in the white box and what has supported its move higher, we are seeing some negative tones coming in to play recently.

 15 min leading negative, this looks worse than most of the market.

However, at some point I think AAPL will still have another shot at an upside move as the 5 hour chart has gone through confirmation, distribution and long term positive momentum, this is a longer term trend down the road, we need to see the damage on the 15 min repaired before we can talk about this move.