Apple is showing clear evidence of having complete Livermore's accumulation cylinder and a larger decline is on now in play. The first corrective downside target to look for is seen at 113, but we should not at all be surprised to see a continuation lower to the 50% corrective target at 91.46 and possibly even closer to the 61.8% corrective target at 70.00 if panic grips the equity markets, which is a clear possibility.
A break below support at 160.87 will confirm the decline to 113 as the next target.
