I couldn't get this AAPL update out fast enough as I saw the positive divergences intraday and started capturing the charts, then AAPL started to move. In any case, it's likely more chop intraday or treading water, but I remain long the AAPL calls for the short term and will be looking for an opportunity to short strength in the near future.
Several market averages are also showing some strong intraday positive divergences here as well that just developed.
Here's the AAPL update.
AAPL 1 min relative positive to a leading positive
2 min with a decent size relative positive after the opening negative divergence.
Same with the 3 min except the positive is leading.
5 min also negative on the open, leading positive now, obviously migration from the 3 min chart above.
The overall 30 min chart with relative positives as well as some leading positives, it should be enough to get what we are looking for from AAPL on the upside barring the F_E_D just totally upsetting the APPLE-Cart.
Is interest rates about to start going up?
-
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
No comments:
Post a Comment