AAPL Update

Actually I didn't get the exact timing I wanted because I was in the middle of capturing these AAPL charts showing that the time was nearing and as I was capturing them, the time came so the entry is a bit off, but over the next day or several days I don't think it will matter much. As mention, I chose AAPL October $630 calls which were at a $7 discount from yesterday.

 As mentioned earlier, because reversals are a process and not an event, the most probable odds were for AAPL to consolidate somewhat laterally, as you can see the Rate of Change (ROC) of price reversed by noon and was heading up as the downside momentum fell off.

 There were two intraday stops in AAPL, the hammer at the far left and a reaction low around 12:45, when price dropped below both volume picked up, that creates supply that institutional money can accumulate or market makers and no one knows the difference as someone has to take the other side of the trade, but...

 After non-confirmation on the open, the 1 min chart did show an increasingly large positive divergence right when those stops were triggered making it likely market makers or someone else with deep pockets accumulated AAPL there.

 The 3 min chart shows earlier positive divergences, but a nice one at the exact same time.

And the 5 min chart shows a slight head fake trade on the open as it opened above local resistance and failed, the same concept holds in reverse on the stops and the 5 min chart even picked up on that stop level.