Swingman39
Short

Double Top on SQ?

NYSE:SQ   SQUARE INC
Since putting in ATHs on 6/21, SQ has been unable to push past. We are seeing lower highs in both price, RSI , Stochs and CCI . With the Russell 2000 also seeing weakness and also viewing that as a forward looking indicator, I see SQ coming down to retest some of the prior support levels
Comment: She broke above! we shall see if this holds though. The Netflix hit yesterday and the Amazon hiccup could signal a turn down for the overall market. I'd keep an eye on the S&P, if the FAANG names start to flatten out/dip, there are few stocks that will be able to fight through a downtrend, no matter the fundamentals.

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