AAPL Update

As AAPL volume fell off today through the bull pennant, the only logical thing Wall Street can do to create more demand to sell in to is break AAPL out above the intraday pennant/triangle, you can see as AAPL made the breakout volume did in fact rise, it may not look like much, but it's about eight times more than the intraday volume at the end of the pennant before the breakout. That volume is needed to sell in to or short in to, AAPL didn't run and take off on the breakout, what did it do? Here's the underlying action from 3C charts of the money flow...

 2 min chart is negative and on the breakout it makes its deepest leading negative divergence of the day, leading negative divergences in the boxes are always stronger than relative divergences usually (not always) represented by arrows.

 The longer 3 min chart sees AAPL make that new high in price that is needed as confirmation for technical traders to jump in, that's where volume [picked up, it's also where we see a worsening negative divergence, now leading lower.

The short term charts above are more for tactical entries, at 5 min we re generally looking at the institutional trends so there's been a very negative trend in place, I try to explain the difference as this being the strategic outlook and the direction in which I want to trade and the short intraday charts as the tactical outlook for when I want to try to get my best entry/exit.