Short

SQ will top out at 100 followed by a massive 50% retracement

Updated

SQ has been on fire, and is approaching a critical $100 psychological level. I think it will most likely top out at 100 followed by a massive 50% retracement

Note

As expected, could not maintain above $100 in such overbought conditions. The correction as begun

Note

Just hit my target of 55. I think the ABC retracement is complete. It broke the 200 day moving average as well and bounced strongly above. However we need to see if it can hold above the 200 day or else it might drop lower.

Trade closed: target reached

alexfeng

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