AAPL @ 95.33 - – The 100.73 resistance could cap bounces near term
AAPL stalled at the 100.73 (May 23, 2016 weekly high). Subsequent decline suggests bears are back in control. It is likely to see a retest of the 89.47 prior key low (May 9, 2016 YTD low). Further weakness below the latter would open the long-term between 85.00 (near 7.5-year rising support and of the 55.01/134.54 upswing (April 2013 higher low/April 2015 all time high)), and then 74.00 (near 73.88, April 14, 2014 range low, and 76.4% of the 55.01/134.54 upswing).
If the stock is able to retake the 100.73 level decisively, that would stabilize the structure and extend the price action towards 107.69 (50-week moving average) near the upper bounds. A clean breakout there is needed to turn on the stock.