AAPL Charts

I consider this speculative for a lot of reasons, AAPL specific news, market position, the way ES is performing, that it might have been a day trade, but that looks less likely now, but in any case, I wouldn't feel comfortable with a full size position, but there's enough improvement that I feel it's worth a shot here.

 Earlier I speculated that the initial leading divergence may actually consolidate sideways and create a bigger base, this isn't the size base that I expect to support a move of any duration, this is why options and their leverage seem to be the best vehicle for the trade idea.

Note the distribution to bring prices back down to lower levels where they can be accumulated , was very minute, just enough to get an intraday turn downward.

 The 2 min chart showing the first hint of a divergence yesterday, this would suggest to me (since there's been no real run on that divergence, that the move should exceed the $507+ area). The leading positive today is even larger.


 Just like the IWM before it ran early this week as well as when we took the last AAPL call trade, there was a 5 min positive divergence that looked almost exactly like this, although this is a 3 min chart, the length is more important.

 And the 5 min chart is showing the improvement I was hoping to see, not as much yet, but moving the right direction.

And we even had a little action o the 10 min chart at the last play, just like this.