The Spanish Ibex 35 has turned Bearish, with a break below a key resistance point.
Shorting the index until first Target support-resistance at 6550. Trend is invalidated if it breaks the overhead resistance trendline at 6974.
Exit if invalidated: 6979
Square has been rising in 2020, especially with the accumulation of Bitcoin on its books. Today's PayPal news with them launching into the Crypto market - sees a Big Gorilla enter to give Square competition.
Short-term, it will look to retest the support/resistance line at $170, so take profits at this level and the monitor whether it bounces up or continues...