AAPL Follow Up

AAPL Puts continue to accumulate profits, you may recall in my last AAPL update I said,

" the 1 min intraday divergence is simply a new intraday divergence (all new divergences start on the earliest timeframe) and as it has not moved to the 3 min or even close to where institutional activity starts at the 5 min, it is no threat to our short position/put.

That doesn't mean it can't make an emotional move, but far too many traders get lost in the lines and concentrate too much on intraday or day to day trade and miss the big picture right in front of them."

I went on to show you the head fake in place and that it wasn't that strong, another could be possible, but it was no threat to our Put position/Short. The fact AAPL did not make another attempt tells us something about the markets as well.

As for the charts, I see no reason to close AAPL yet, even though I like to sell in to momentum. The Put position is there to sell in to the first wave of momentum, by the time the first significant correction is coming, I want to be out of the puts, that's where the Equity Short position also opened takes over and rides out the longer trend unless something convinces me that AAPL is not ready, then we take profits on that and be patient.

 2 min intraday is in line, it can bounce intraday from an in line reading, but it's no threat.


3 min is more leading negative, suggesting more downside momentum today.

15 min is where the larger play/trend and equity short comes in to play, very negative.

 A close up of the same chart, notice the "Process in the top and stronger distribution as they sell short-also note our head fake move, perfect timing indication.

Even the 60 min is negative so I have hope that we will take advantage of a trending short with the Equity short opened.