The strength in the Q's yesterday sent them higher and it seems that strength is being eaten in to in what would be typical distribution, especially with a 1 day cycle like thi that we have been seeing (rotation) over the last week or so.
The AAPL 505 calls were closed at a +33% gain and this price action certainly didn't hurt...
AAPL 1 min upside volatility is great to sell calls in to.
The QQQ 3 min chart showing a overall negative trend, even though short term the 1 min was used (just like yesterday in the SPY, DIA, etc) to hike prices up.
The 5 min is a better representation of where the 3 min chart is in context of the trend, there's no confirmation here, there's a negative intraday trend.
The 10 min chart shows a negative and then positive trend, right now it's perfectly in line when looking at this zoom factor, among the trend, it's lower or in leading negative position.
Here's another example, the 15 min chart on a more intraday or close up basis showing the various shorter tern moves, today doesn't look good here.
The same 15 min chart in Context of the trend.
The 60 min chart is unreal how perfectly 3C confirmed price at the green arrow, then picked up the positive divergence in to the 11/16 lows and shows trend 1 accumulation an d a leading negative position that is heading lower.
I'm worried about this market, actually it's fine with me , I'm just saying there are a lot of things not looking good.
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