Monday, August 13, 2012

ES at New Leading Intraday Low

This is what we are looking for, I want to be in position in AAPL before the open tomorrow.

You've seen the longer term ES charts and how bearish the longer term activity has been, this intraday 1 min chart is for intraday moves, showing us what is going on. At the white positive and then leading positive divergence, the area in green was accumulated, the area at the red arrow and now a new leading negative low (stronger divergence) in the red box is distribution, the area in orange is about where the accumulated shares were sold.

The leading negative divergence is the dominant feature of this chart as of now.

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