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Apple (AAPL) building bullish price momentum

Apple Inc. (AAPL) has been consolidating since March 2015 after tagging the 133-134 area. 

AAPL daily chart 9/13

(click to enlarge)

Prevailing consolidation/correction:
- In the second half of 2015, volatility increased, and price fell sharply to about 92.00. 
- We can see that since mid-2015, price has essentially been trading sideways with some bearish bias. 
Correction pattern broken:
- The correction pattern was essentially a descending triangle.
- However, after price tagged 90, the subsequent bull run extended above the falling resistance and the cluster of 200-, 100-, and 50-day simple moving averages (SMAs). 
Breakout and confirmation:
- Now, a breakout above the trendline and SMAs are indeed bullish signals, but we might want more confirmation.
- The RSI pushing above 70 does also establish bullish momentum, but we have see the market volatile and swinging down to bring bearish momentum as well. This is not enough to call AAPL bullish.
- This week, price action is confirming the bullish scenario.
- After a pullback to 1-02.50, price essentially respected a previous price bottom below 100. 
- Price also respected the cluster of 200-, 100-, and 50-day SMAs as support. This screams a "bullish slingshot" scenario.
- Finally, the RSI is holding above 40 for the most part, which shows development of the bullish momentu
Bullish outlook:
- In the short-term the 110 resistance looks vulnerable, with 112.27 resistance in sight. 
- 119-120 is the next key support/resistance pivot area to watch for.
- With this week's bullish confirmation, I think AAPL has upside towards 119-120 this year.