Short Term AAPL Close / Long Term FCT Close

I was hoping AAPL would close the daily candle with a bullish reversal hammer on increasing volume, a very reliable reversal set up, AAPL did exactly that.

Today's closing candle a bullish Hammer with increasing volume, this is a very high probability upside reversal signal.

Also AAPL has some affinity for support along the 100 daily e.m.a., we saw AAPL find some support there today.

Longer term, FCT has been a reliable leading indicator for the market, typically on a larger scale of weeks to a month or more of divergence vs the SPX, however this is a shorter term divergence and has bearish implications for the big picture in the market, yet another reason I want to sell or short in to price strength as the big picture increasingly looks like the market has a downside move of some magnitude coming.

 FCT,  a leading indicator, clearly has broken down through the June low rally uptrend.

This is a negative divergence with the SPX which has not as of yet, since FCT tends to lead, the expectation is the SPX will follow, however as mentioned above, this tends to be a little longer divergence signal than just a few days, so a move higher in the market or bounce, is completely within the normal behavior.