Feeling Like Shorting SNAP?

If nothing else, this will win the Fewest Number Of Bars in a Chart award for the entire history of this blog. I honestly didn’t think I’d be shorting SNAP, but frankly I think the mania over it is so completely misguided that I couldn’t help myself. I have a reed-thin analysis for this tiny chart, which is that I’m short it with a stop-loss price of 23.80. It’s a tiny position, because it’s a pretty silly trade, but I at least wanted to let you know. It’s profitable so far!