Market Update / AAPL

Basically as I was saying earlier this morning, it's rare for a market to lose that much ground that early and just keep going all day and then the next day, like the post I put up last night about different trends/timeframes, shakeouts and counter-trend moves, the market needs to kill quite a bit of time before we are near the close and while it does that, it's going to throw off the most people it can at any one time. This is why we stick with the longer/higher probability trends and see the noise for what it is.

 AAPL 1 min negative, still enough to cause a consolidation rather than a pullback.

 2 min with a relative positive and intraday is in line.

 The bigger picture in AAPL, the 15 min chart leading negative. AAPL has quite a bit of downside in my opinion before this is repaired.

 NASDAQ intraday futures, negative.

 QQQ 1 min intraday negative

 However that negative hasn't reached the 2 min which is in line or confirmation

 same with the 3 min

 ES 1 min is just starting to see a small negative divergence

 The longer trend on a 30 min chart is very bearish for the days ahead.

 IWM is also negative 1 min intraday

And now on the 2 min so it is starting to migrate.