Yep, nice reversal off support & rally today despite one of the worst broad market selloffs in a while. Watching to see if the stock can continue to the NL to form a right shoulder on that IHS pattern. Of course, if the selling accelerates in the broad markets, that would likely be a headwind to most long (equity) positions but so far today the relative strength is a good sign.

Selling in the broad markets today giving a headwind to the SNAP trade as well as most other longs today. Can’t blame you for being reluctant to take long-side trades right now in anything that isn’t uncorrelated or inversely correlated to the broad market.

Short trade, even with stop lowered to 13.2, it got taken out. At this point I am reluctant to go long any equity.

G-luck on the trade.Nice, tight stop so your R/R, should SNAP start to pick up some momentum on the upside & spark a short-covering + long-side bottom fishing rally, seems very attractive, especially if T3 is hit.

The 14.10-15ish level appears to be a very significant resistance level on both the 60-min & daily chart. As such, one could book partial or full profits there but if that level gets taken out with conviction, I would put good odds that T3 is hit.