Big earnings report causing large gap up, price testing an ascending wedge and creating a set up for a failed breakout of the wedge. Two inside bars, with first bear bar being a fairly strong close against the gap within the hour. It will be hard to fight in this market environment (pig market/relentless buying behavior around fed rates... seems to be the theme as of the past few months). This is an extended analysis of my last SMCI Daily chart post. Based on the behavior of S&P from end of last year to now, closing gaps of this size does not fare well for the other side. However, I'll stick with my premise, and we'll see how it plays out into tomorrow. I do see some selling of the top which let's me know I'm not alone on it. There will have to be some aggressive selling to make the bear position more realistic.