AAPL Update

AAPL is updated frequently at certain times, not just because it's a stock of interest to a lot of traders, but because it's a bellwether or a sort of proxy for the market, especially the NASDAQ 100.

Here's some of the action in AAPL that recently changed intraday (changes in character precede changes in trend) and some of the more important charts for near term trade (day/s) as I mentioned in a previous update.

 First in the yellow, even on the fastest, most detailed timeframes, AAPL put in NO positive divergence, recently we have the 1 min putting in a relative negative at the first red arrow, that created a lateral consolidation and during that is where we often see institutional movement (in what most people consider the most boring place) and you can see the leading negative divergence which makes these the only two divergences in AAPL today on this timeframe.

 On the 3 min, again NO positive divergence at all, a relative negative at the arrow followed by  stronger leading negative in the red box).

 The 5 min chart (interestingly where we've seen the action today in a number of other assets and averages) which is the most important thus far in a leading negative divergence.

Even the 10 min chart which is showing excellent confirmation over this period has gone from a relative negative divergence to a leading negative divergence, this is a pretty powerful signal for a pullback move.