Since the election is less than a week away & uncertainty continues to grow due to COVID, I believe SNAP will have no choice but to pullback & fill the gap from earnings last week. Not only is it extremely overvalued, but I don't see it as a good hedge against a possible market correction in the near-term future. The only thing holding it between this 40-42 level, in my opinion, is the overconfidence of investors in the social media sector, however, volume has been steadily decreasing this past week. Another possible reason it's been holding up against a bearish market could be some form of manipulation, but I'm not sure. Heavy open interest with Oct. 30 call & put options is sitting between this key level as well, so that could be a reason for manipulation to eat away at premiums, but of course this is just me speculating. Other than lowered volume, major overextension on the RSI, crossing below VWAP, crossing below EMA20 this morning, & no actual support anywhere near the current valuation, I don't see any technicals pointing toward it becoming bullish. Let me know your thoughts.