AAPL shares closed on their 100-day SMA yesterday. We may see some rebound from here. Otherwise a retest of the 3-month low @ 104.63 will be the first downside target. AAPL has made 3 consecutive lower highs since the all-time high was marked last November.
AAPL, daily chart (3 months):
Chart courtesy of StockCharts.com. http://stockcharts.com
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