The different components I watch to get a feel for a move are moving so fast now it's actually bogging down my machine, I may have to cut a couple of programs.
In any case, AAPL reached a 15 min chart's negative divergence, that's about as far as I'd like to see that go, it suggests a strong pullback, but much more damage than that and we start to lower probabilities on the next leg.
The TICK saw some pretty extreme readings and not just a few spikes, a nasty area. The odd thing is we haven't seen any move in the Euro or the Dollar that would cause this kind of volatility whether to the upside or downside.
AAPL 1 min leading neg.
AAPL 5 min-it's these longer charts that increase the probabilities of a strong pullback move.
AAPL 15 min, there's very little noise, just trend and serious flows of underlying trade/money, this negative divergence is as far as I'd like to see that go in AAPL.
Price didn't even hit the same low as the 26th in the SPY, but look at the TICK, solidly at -1100 and then some for quite a while.
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
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