Interesting action after hours! Texas Instruments is getting smacked:
Even so, it hasn’t busted its uptrend. It’s going to take even more damage that this to wreck it.
ServiceNow is likewise getting spanked.
In this instance, a bearish pattern already finished (Monday, in fact), although it might find support at that trendline, which isn’t far beneath price action.
Lastly, Snap has been playing with the hearts and minds of option holders everywhere. I suspect owners of short-dated puts were jumping for joy just after the announcement, but the big spike down has been largely healed. It’s still down, but not by much.
The daily chart, therefore, remains a sticky mess, and I don’t plan to get anywhere near it in either direction.
