This is not so much about AAPL (despite the Icahn tweet/pump today) as it is signals in the market because there are a lot of assets stuck in place that I'd like to see moving, take the Yen for example, but that may be starting to change.
In any case a little under an hour ago I posted I thought AAPL was coming down intraday and it would likely bring the Q's which look a bit parabolic any way down with it as it has so much weight there.
Thus far AAPL has come down... Now it looks like not only will the Q's come down, but the IWM too, if you are a day trader, you might be interested.
AAPL's negative intraday divergence from earlier now sending AAPL lower on intraday distribution, Icahn selling in to his own tweet?
The Q's have a similar signal so it wouldn't be any surprise, especially with price a bit too vertical intraday.
This 3 min IWM leading negative just popped out of nowhere and it's pretty intense for that fast.
There aren't a lot of solid conventional / confirmable signals, at least there weren't this morning, sort of like yesterday. That may be changing.
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