Short

$SNAP - Failed Double Bottom?

appeared to be forming a double bottom, but failed to create higher highs during a very bullish 2 week run for the market. Price could not make higher highs for the month, and just eeked out a higher high on the week before failing.

For me, price needs to break $41 to consider going long.

Options flow has seen increased bearish flow.

TheGritz

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