Apple has struggled at the $200 level since Halloween, although the corrective action since then has yet to produce any bearish impulse legs on the daily chart.  Although the stock is not a good bellwether because it is incapable of leading the market higher, it undoubtedly exerts a bullish influence by maintaining altitude.  Apple would be signaling a breakdown, however, on a print at 185.54 — just 2.3% below these levels.