UPDATE: Apple Technically Prepared to Fall Below $300.00

Apple AAPL officially broke 2 key technical levels on 6/17/2011. A break of the 200 day exponential moving average and the main support from a technical wedge pattern were broken on above average volume. The momentum could take the share price much lower. The current target is $285.00-$300.00. Please see the first article that highlighted the short opportunity on 6/10/2011here.