AAPL Put Timing

Thus far we are seeing some downside action in AAPL and while it's WAY too early to take a victory lap, I do feel good about the long term AAPL charts and the Put position from today.

AAPL 1 min intraday with some volume, I'm not sure what triggered the volume, a quick look doesn't show any obvious support/stop levels and I doubt it was smart money unless they're trying to add to a panic.

 The 3 min intraday negative divergence today is now threatening a new low.

 This chart isn't meant to be looked at in anything more than the most general of trends, more or less we have something close to price/3C confirmation of trend, NOT a noticeable positive divergence. We have a very clear recent negative divergence on this 5 min chart both at the recent flag/resistance reaction high and a leading negative divergence the last several weeks.

 Since we first saw a VERY nasty negative divergence in AAPL on this 30 min chart to the far left, you can see the one area where I said there was strong accumulation at mid-May and not much of anything since, it seems as I have stated many times that those shares picked up at the lows have simply been under distribution in to higher prices even since, this is something I have talked about a lot.

Also note the recent very negative 30 min divergence from the last resistance high in the flag to today's breakout move and the trend preceding it.

The 60 min chart is what really got us negative on AAPL's longer term prospects, at the far left there's 3C/price trend confirmation (green), a leading negative divergence at the highs and 3C has been in a leading negative position since. Even though the general 3C trend in the leading negative divergence has ben confirmation, the accumulation and money flow in AAPL before it topped, NEVER returned.

This is a large part of the reason AAPL has remained a core short position in the equities model portfolio for months, untouched.