There is STRONG support in the $390-$400 range. First off, $400 has a long history of being strong horizontal , also just a round number which is psychologically important. Second, there is strong support from the bottom red of this massive . Third, the 30, 50, and 100 SMA's on the 1d chart all converge around here. Lastly, we have the 23% fib line from the drop from all time highs to the flash crash in January.
So, if we do follow the second scenario, to me this is a huge opportunity to buy the dip, one last chance to get long in this massive . Plenty of bears out there, but I won't believe them and change my mind until the $390-$400 area breaks with and is not just a wick down.