Today's 0.09% gain in AAPL is NOT what we are looking for in a trade coming to us, that doesn't mean it's over, but like a lot of other assets things improved in the morning (
they picked up where they left off on Friday's closing 3C charts) and then they went flat or even deteriorated.
AAPL I'm guessing should still be on our radar, but it didn't add anything today which may be seen as a negative in itself.
The 5 min chart's positive as of Friday which was behind the trade idea, as of today that basically came in to line with price.
This is a closeup or intraday view of the 5 min chart so as you can see, it added nothing today, maybe lost some ground.
The 3 min chart as you can see deteriorated which would explain why the 5 min is having some trouble.
I think we do need to consider whether or not these divergences from Friday are temporary place holders or temp. support as we often see with 1 and 2 min charts intraday acting as consolidations.
AAPL is still on my radar.
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