AAPL is putting positive divergences together pretty quick, I'm hesitant to get involved with these real fast movers without a reasonable base, otherwise I suspect they make a pop and flame out and you really need to be nimble and watching carefully, I'd rather look for the more sustainable possibilities and maybe AAPL becomes one, it's right around a sym. triangle so any number of head fake moves including one to return it to building a more sustainable base are possible.
1 min positive with a sym. triangle at the yellow bar that looks to be just breaking out.
3 min leading positive which looks good, it's just not long enough on the time scale, to me this needs to come down, make a "W" and a stronger/higher pos. divergence before it is sustainable.
5 min is positive so the divergences are migrating fast now as I said late yesterday, the problem is still the same, if a base doesn't have a large enough footprint you can't build very high before things become unstable.
10 min is in line. I think if what I'd like to see happen actually did happen, then this 10 min would have time to go positive rather than in line.
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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