Apple's Elephant Rally

AAPL's rally of late may very well be a microcosm for what we have seen in general since February, albeit at a much slower place. 

On the daily chart, below, Apple made it back to $105, a prior level of significance, before shooting up and then reversing off today's event. Still, you can see the overall technical damage has not yet been healed, as AAPL still has a broad trend of lower highs and lower lows and declining major moving averages. 

I suspect if bears will make a move in the market before Easter, then AAPL should be as ripe a short as any. 

But, for now, we have an elephant-esque steady rally, with bears not sinking their claw into much just yet.