AAPL Update

If I could, yes I would and here too, I'm already full size in the equity and options models portfolios and feel just fine with it.

Here's the update...

 Going in to about June, we had 3 trend assumptions based on the charts, the first was the smallest, that was to be a decent pullback, maybe create a head fake low followed by a very strong move up, this move up would be very impressive, it needed to be to give bulls confidence to enter the market, we even talked about it potentially hitting new highs, that's what we are seeing now, it seems Draghi's market pumping comments were right about the time the pullback should have come. The Last trend assumption was the primary trend emerging in a strong bear move down. AAPL has done what we expected to see in trend 2. However you can see there isn't massive institutional involvement on the long side, the volume is so out of character you can just see something is not right with this picture.

 Here's the long's biting on the key levels, these will be key on a move down as well.

 Intraday 1 min AAPL i running out of steam

 2 min shows heavy distribution of today's move.


 5 min shows the exact look of a head fake move and what institutional money does on one.

The 30 min chart from confirmation to what was a sharp negative divergence at the first top to a much, much worse negative divergence now.