Here you'll see what I'm going for and why it's such a speculative position, furthermore you can almost look at AAPL as a bellwether for the broader market.
The 1 min chart was positive at the close yesterday, thus today's gap up, but it's still in a choppy zone and is intraday negative right now.
The 3 min chart is as well as is the 2 min.
Right at 5 mins there's a small negative divegrence, this is about as far as the put trade goes and why I think I'll likely have to close this pretty quick.
This is the 1 min trend, that's pretty darn impressive so I definitely don't want to hang around long and this is representative of the market at large.
This is a 10 min leading positive
A 15 min leading positive in a base-like range
And a 30 min leading positive. I'm thinking I might get a gap down in the morning or a move in to the close down to the red trendline and that's where I'd take gains and get ready to buy AAPL long.
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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