All of the market averages which have gained today are now showing multiple negative divergences in the timeframes which allowed them to gain, the 1-3 min timeframes for today's move.
I'd expect some market downside shortly. We'll have to go from there to see what is coming next, possibly a larger base to be formed with the recent lows from yesterday/today serving as the base area or possibly moving to a new low, depending on how 3C responds during a pullback.
For AAPL longs, intraday AAPL is in the same boat, it should pullback. It still has a 5 min positive and may be able to add more, but if I could get out at a gain or something close to it as I did yesterday, I'd be looking to do so.
5 years ago
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