A day after breaking below the 200 day MA, Apple remains pressured

First break and close below 200 day MA since September 2013

Yesterday, Apple closed below the 200 day MA for the first time since September 2013. That key MA came in at 120.87. The market broke and it ran.

Today, that fall is continuing with the price trading at $116.21 down -$2.23 on the day. The next support comes in at 114.81 which is the 50% of the move up from the October 2014 low. A move below that level and the momentum selling can continue. Since the most recent high in July, the price has declined nearly 13%.