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Qualcomm Short 61.8% Retracement, Trendline and Resistance

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QUALCOMM Incorporated (NASDAQ:QCOM)  
RatioTraderfc  
NASDAQ:QCOM   QUALCOMM Incorporated
QCOM short
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qcom short
I really like Qualcomm short here. It's at the 61.8 on the weekly. It's also at trend line resistance as well as previous structure support. While the market was up around 1.5% today, Qualcomm barely moved only going up 0.38%. It has a history of rallying up resistance levels and then crashing down hard. For all these reasons I'm short QCOM going into next week.
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