AAPL 117.48 – neutral – Consolidates near support zone

AAPL 117.48 – neutral – Consolidates near support zone

AAPL pulled back off its 123.82 3.5-month high (November 4, 2015) near the 200 day moving average (currently at 122.09). The 115.50 level (50% of the 107.31/123.82 upleg) then 113.99 (October 27, 2015 higher low) should provide support. Bulls need to reclaim 122.09/123.82 area to resume strength for higher.
Outlook:
Daily: neutral
Weekly: neutral