Market Update-Opening Indications

For our purposes, AAPL already did what it needed to do to justify our expectations, since having broken above the triangle on the open this a.m., there are already signs there's selling in to the move and we are already seeing some averages turn negative like the SPY and DIA in particular and the QQQ just starting, although this is VERY EARLY trade and these are VERY early signals, they make sense.

Don't forget Friday's TICK data...

 AAPL 1 min at a relative negative divergence on this morning's move above the triangle.

 The 1 min DIA was in line on the open, negative on the gap fill.

 The 2 min DIA trend is clearly negative.

 Close up of the DIA 2 min intraday, also negative on the gap fill.

 The QQQ 1 min just went negative and it's leading negative, we'll see if it moves to the 2 min chart (migration of weakness).

 SPY 1 min was in line on the open and then negative in to the gap fill.

SPY 2 min has a larger relative negative divergence, in line on the open intraday and negative in to the gap fill.

I still expect plenty of volatility, but AAPL has now done what I originally posted I thought it would do and that was 30 mins. before it even started on Friday.