Way too many bears freaking out right now over one red day. Shows just how little people know about trading. It's really simple, until this trendline is broken we are BULLISH. Buy the dip.
$Snap looks weak. This run up is over and now we're headed for $16.50 neckline support. We will break it and ultimately fall in the $14 area, filling the gap from the day after earnings. If you're a bull here, you're being greedy and need to take another look at your charts.
Snap is forming a H&S pattern here. Daily has a bearish MACD crossover. RSI Trending down. Sorry Bulls, but this puppy is cooked. Down to $15.04 we go.