Futures pre-market

I bet yesterday with AAPL's range bound trade and lower lows hitting stops by 12 or 38 cents, you may have thought this signal was no good.

 AAPL 5 min leading positive divergence

However we can't forget the more powerful, other side of the coin-the 30 min leading negative and other faster intermediate timeframes.

AAPL made good on the 5 min divergence. As far as arbitrary opinion, I've had a chance to look at the new I-Phone and wasn't impressed. In the past I-phones have been revolutionary, now it's simply evolutionary and I'd much rather have a Galaxy Note from Samsung for the price.

As for futures, they don't clash with the overall theory that has been established by AAPL and the market averages drafting it.

ES Futures.

 ES 1 min w/ a positive divergence 1 hour after the 3 a.m. EDT European open and in line since.

 ES 5 min seems to show any bit of strength seeing a negative divergence.

 NASDAQ Futures (mini) 1 min with the European open at the yellow arrow, seeing similar positive divergence after the European open and in line since.

On the 5 min NQ chart you can see very specifically the positive divergence jump at the same time around 3:15 yesterday when I said the market averages might be giving us a clues as to AAPL timing and really taking off, we have confirmation here.

Now we look for the distribution in AAPL and positioning as well as an F_O_M_C_ day today. As I always  warn, "Beware of the knee-jerk reaction" on any Central bank/F_E_D release.

What I'm really interested in is what's going on during the AAPL distraction and will continue to be busy jumping from chart to chart.