Intel stock plummets on disappointing earnings outlook

Hello everyone, INTC set up in after-hours a beautiful bear flag that could lead to next level 51.02 and perhaps more. The comments by new CEO regarding a slower trend might have stock holders take out some profits considering also the nice 33% YTD performance. I would not exclude as well a little confluence around actual levels supplying for the 55 area in case SPY will stay strong above the 291.50
Have a nice trading day everyone :D