AAPL Update

Here's what's going on with AAPL, if you saw last night's post on the AAPL signals, this is a good follow up.

 AAPL 1 min was the problem timeframe yesterday which would not confirm the afternoon move up telling us distribution in to price strength was the most probable situation. This morning's gap fill high was also distributed, but there's still probably enough strength on the 5 min chart to take AAPL higher, right now it's more or less moving with the market.

 The 2 min chart was in line with price yesterday so we know the distribution wasn't that heavy yesterday, but at the gap fill high today you see a clear relative negative divergence between yesterday's high and today's high, this is distribution migrating to a longer timeframe as I explained in last night's post.

 The 3 min chart is not seeing distribution signals as of now, it is in line with price action.

And the 5 min chart is still leading positive.

I suspect the size of the 5 min chart's positive divergence suggests the accumulation size was probably gibber than what has been distributed so far. If that's the case, what do they need to distribute the rest of the position? They need higher prices that create demand, for that reason I still like the AAPL Call position open and think we will see some more upside.