Here are the charts....
1 min AAPL intraday
2 min trend
Close up intraday of the 2 min chart, there was a slight move below recent support, stops or orders were hit as volume spiked up and 2C gained ground in the area.
5 min trend, the divergences loo squashed because of the volume pane open.
Close up of recent 5 min action, the break below the psychological $400 level seems to have been a key area for positive divergences, you'll see toward the end.
10 min overall trend is actually quite clear, negative at the counter trend bounces and positive in to the move below 2 triangles and $400.
As we made that move under $400, the longer charts went positive, there are few charts positive in the 30+ min. area.
I noted the 60 min going positive yesterday, today it added to it and...
Unbelievably to me, we even have a 2 hour positive chart now as AAPL is in a flat range, EXACTLY where I was telling you yesterday to "Be Careful", this is where institutional money is quietly at work .
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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