$AAPL has so far rejected at its ATH line which is a big relief to see as it helps cool down the market and it is showing us signs that Wave 2 is happening.
We still need this to continue down lower.
The 50 Day MA is at the 0.38 Fib exactly but we want it to pull back lower to at least the 0.5 Fib at $182.
I think the 200 Day MA will do its job if its called upon at $178 but I do not believe the price will pull back all the way to this level.
Wave 5 remains at $220 and I have added in the corrective pull back levels for later in the year too.