117.50 target by mid-April.
Entry levels are 125.4-126.8 with stops initially at 129-130+. Try to use wide stops to avoid getting stopped out.
Apple is experiencing some anxious selling ahead of the release of the Apple Watch, so this signal ends by the time the watch is released, so there will be no risk of that interfering with this trade.
For now, the start of the new quarter will likely provide the impetus for this to decline 5%-6% and we can see how it drops to analyze whether it has more to go at that time. For now it is showing signs of "fear of heights" as the 13-days of time that accumulated at the 128+ level is an indication that sellers have the upper hand here and buyers are laying in wait for signs of how things are going.
Tim 3/30/2015 9:48AM EST 125.38 last AAPL