Apple might be nearing completion of a major 5 wave impulse. As per my analysis the 5 wave completion is expected to be around 177-195 levels, so it would be a wise idea to hedge your long positions around those levels. Another possibility is that Apple is still trading within the 3rd wave so can extend further from the current levels. Just turn cautious but never short Apple till you get a conclusive evidence of an impulsive 5 wave fall.
Good Luck.
Good Luck.