So far it hasn't migrated to longer timeframes and this alone could cause a lateral consolidation, if it keeps growing and migrates and the other averages join, then we should see an intraday move back down now that most of the gaps are filled.
Wednesday, November 28, 2012
Q's showing the First Divergence
Not surprising since the NASDAQ futures were already showing a negative divergence that the QQQ are the first to show one and along with AAPL, in fact may be because of AAPL.
QQQ 1 min
AAPL 1 min
So far it hasn't migrated to longer timeframes and this alone could cause a lateral consolidation, if it keeps growing and migrates and the other averages join, then we should see an intraday move back down now that most of the gaps are filled.
So far it hasn't migrated to longer timeframes and this alone could cause a lateral consolidation, if it keeps growing and migrates and the other averages join, then we should see an intraday move back down now that most of the gaps are filled.
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