AAPL Update

AAPL is now starting to get interesting. On Sept 11/12 we started tracking a 5 min positive divergence in AAPL the two days before the I-phone 5 release. The oddity was the divergence didn't go much beyond the 5 min timeframe, I believe I said at the time that I thought that would translate in to roughly a 2 day move, but be prepared as it could turn very quickly.

Over the last 2 days the yard stick to measure AAPL has remained the 5 min chart, specifically it going as negative to the downside as it had gone positive to the upside, AAPL is now approaching that goal and at an increased rate of change from even earlier this morning.

 The positive divergence in AAPL on the 11th started as they usually do with a relative positive divergence and by the 12th was in a stronger leading positive divergence . You can see pretty decent upside confirmation in 3C on this timeframe although faster timeframes have been showing negative divergences since the 13th. Now we have a relative negative today in the a.m. and a leading negative taking shape currently.

 The 1 min chart intraday shows a leading negative divergence early on even though 3C was still tracking on an intraday basis, but note the total lack of positive divergences even on an intraday basis.

 The 2 min chart leading negative

And the 3 min.

I'd like to see the 5 min deeper than it is now and at the rate of change it is now moving at, I suspect it will be deeper shortly, especially if we can get some intraday bounces toward the top of the price range.