Earlier today I said to look for volatility, it wasn't going to be a straight line move and we actually have a pretty good example of Wall St. manipulation of Technical Traders. So far AAPL hasn't given the intraday negative divergence, I'm leaning toward it being a bit of a process more than an event, meaning it may take 15 -30 mins, etc rather than a quick "V" reversal, but that's just gut.
Take a look at the technical pattern that was used today against traders to get them back in the game long or just to confuse them (it's way too early in the day for a downtrend to hold through the entire day).
The obvious price pattern for Technical traders here (today) is a bear flag, I drew it with red trend;lines, volume was correct for the flag. Traders see this and understand it to be a bearish consolidation /continuation pattern, they expect it to break the lower channel of the parallelogram or flag, however Technical Analysis teaches that if this pattern sees an upside breakout as it did and on volume, then you switch sides and trade from the long side as the pattern is no longer in effect. This is exactly how technical traders are manipulated everyday and some bought it as volume ticked up.
Don't get caught in these traps, understand them, understand what retail is expecting and look for the manipulation or game Wall St. runs and think about "Why?". This should be fairly clear.
If nothing changes too quickly I'll put up the leading indicators and maybe a few other updates.
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