There are some 3C lessons to be understood on the AAPL chart with regard to a leading negative divergence (more powerful) and a relative positive inside that leading divergence. I have shown you these several times in advance or as they formed, now we can look back after the completion.
1 min negative at the H&S-like top of Friday and on the highs this a.m., currently 3C is negative and intraday confirming or inline.
The 2 min chart showing early strength left over from Friday as it is faded with a deep 2 min divergence
The 2 min chart intraday in line with price near perfectly.
On a 15 min chat we have an overall leading negative in the red box, but a small relative positive at the white arrows, the leading negative takes precedence over the relative positive, it doesn't mean AAPL or any stock, won't move on the relative divergence, but the probabilities are still highly skewed in favor of a resolution that is represented by the leading negative divergence. We see another relative divergence this a.m., except negative at the highs.
A 30 min leading negative is very strong probabilities, note where price was and what 3C was doing at the time.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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