So here's what nobody is talking about with the SNOW earnings. Yeah, they beat on EPS and revenue. Great. The algos loved it for about ten minutes. But the chart is telling a completely different story, and it's one I've seen a hundred times. This is a classic 'sell the news' setup getting ready to print, and a lot of retail traders are about to get smoked chasing this pop.

I don't care what the headlines say; I care how the market reacts. SNOW ran up nearly 15% into this report. The good news was already baked in. If you know how to read candlestick patterns, that massive wick on the post-market candle should be a giant red flag. We popped to around $171 and got rejected. Hard. That's not strength. That's sellers using the liquidity from the good news to unload their bags.

While Sarah Chen is probably digging into the product revenue growth, I'm looking at the tape. And the tape says this move is exhausted. This is where basic technical analysis for beginners can save you a world of pain. Don't chase the green candle; respect the rejection wick.

I'm not short yet, but my finger is on the trigger. I'm looking for weakness below the pre-earnings high. We're also seeing a nasty bearish divergence on the 4-hour chart. This is a textbook RSI divergence strategy play: price made a new high, but the RSI(14) printed a lower high. That's a classic sign of momentum fading.

• Key Resistance / Short Entry Zone: $168 - $170
• Invalidation / Stop Loss: A clean daily close above $172
• First Target: The gap fill down to $155

I'll be keeping an eye on the options market, too. If we see what Alex Volkov calls 'unusual activity' in the puts, that's my final confirmation. The risk/reward on this setup is clean — risking about $4 to make a potential $13.

My bearish thesis gets nuked if buyers step in and we get a strong, high-volume push and hold above $172. If that happens, I'm wrong. I take my small loss and move on. That's the job. My Achilles heel has always been revenge trading after a loss, so my journal is open right here on my desk to make sure I stick to the plan, win or lose.

This is just how I see the board right now. Am I crazy for wanting to short a 'good' earnings report, or is this the highest-probability play out there?