BABA Strong Resistance at $152-153

TA: The Resistance is labeled by the red line, it had three touches before it finally broke out on last Thursday-Friday. However, it was a failed breakout, Dipped right below the major structure without a bounce back. Therefore, when it touches $152-153 area, look for a major sell-off.

FA: Trade War and Tariffs ain't decreasing yet, the FED has to inject more money into our economy and keep its loan interests at 0% for consumers to stop saving up and stop taking money off from the stock market into bonds or other stable growth investments. Not seeing a recovery in a half a year at least