SQ rejected at 21 daily EMA HARD
SQ, a great company in my honest opinion, has seen better days in it's past, but we are here today and now, and things are not looking good for markets across the board. SQ included. After being rejected twice off of the 21 Daily EMA we seem to have found support at 48.90 level. If this level holds we may run up to test the 21 daily again. if we can hold above it, i can likely see the gap at 70.45 getting filled, but will likely get rejected there as well. if we fail to hold current support, it is likely we can graze the long running support after the initial break out long ago at about the 34.25 level. Last time we touched it, it was bought up quickly, but I would like to see sideways consolidation at that level to build strength. If we were to break the 34 level, we might be in trouble folks. I'll try to keep posting through the chaos, take my analysis for what you will, because I have been wrong before, and remember, this IS NOT financial advise. just my analysis. Peace out my Girl scouts!
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