As ugly as BABA's news and price action has been, there is still strong support at the 97 level. We're held by the 618, diagonal and horizontal support. Frankly, today's report was awful enough to completely close out of the position. Tomorrow's earnings will be extremely important. Something tells me its impact will be underwhelming in either direction. If that will be the case I will close my position in its entirety if all support's stated above are violated.