Apple's Down Day Could Signal Next Wave Lower

 | Mar 26, 2015 01:03AM ET

Decisive down day for AAPL shares, probably signaling the beginning of the next wave down, coming from all-time highs. Next support at $122.75 (Fibonacci) before $121,63 (March local low). Measured move could bring AAPL down to the $115-$117 region.

AAPL daily chart (3 months):