AAPL breaking its 200 day moving average is being blamed for this move in the market
The problem is I have the 200 day simple at $590.36 and the expo at $582.36, neither of which coincide with the move in the market, which by the way there is no warning of, not even on 1 min charts, in many cases just the opposite in fact. I think something else is going on here.
Beyond that, the $TICK chart doesn't look nearly as bad as it should, it has a few extremes, but overall something is fishy here.
The break around 1:53 pm
A closer look at the SPY, AAPL didn't break the expo until well after 2 pm and the simple long before.
The TICK chart shows the 1:53 initial volume, but there's only 1 min of extreme readings and the recent extreme, everything else is in a moderate position, especially for this kind of move.
1+1 is not adding up to 2 here.
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