$BABA Retest/Short Opportunity

Filled downside gap in a hurry, another gap up held for 2 days. Some brewing rumors hitting wires "China to impose compulsory measures on a person with surname of Ma" per Chinese media.

I think this retests a vwap ($108.41 to be exact) and an obvious place of resistance and sellers. Depending on global macros this could change quickly obviously.

Looking for a probing of $108-$110 then rejection. Always size appropriately for you're own risk management. A bevy of stops set below $80 is likely which could flush this down closer to it's all time lows.