I'm not getting too worked up over this as it's new and it's one timeframe that needs to migrate to some others, but as I showed earlier today, AAPL did break below support of a tweezer bottom, that's either a breakdown or a shakeout/head fake move, 3C leading strongly would tell us which it is so you could say this popped up at the right time and place, it's just early to judge it this young, it is still impressive.
This leading positive 2 min AAPL chart popped up right after AAPL broke an important and obvious support area, that is what head fake moves do, they break obvious areas traders key in on, just minutes later, this and it's leading very strongly for this amount of time.
To put it in context and you'll see why I have not been impressed with AAPL until (well potentially) now.
A positive and AAPL up, a negative and AAPL down, the green is trend confirmation, today's leading positive is nearly higher than 3C at the last top and seems to be heading that way fast.
I'd like to see it move to longer charts to have more credibility.
Is interest rates about to start going up?
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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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