SQ broke out of a descending triangle pattern that was forming for the past two months. In the short term there is a possibility for a brief recovery back to around $73. The orange arrow highlights the path for a brief recovery, following the pink trend support. However, if the price reaches the resistance at $73 and fails the break through with significant volume, the long term target for short positions is at the next support near $51. With earning seasons coming up, a series of bad earnings can reverse current market trends and SQ will be one of the more volatile stocks as seen in October 2018. The $51 short target is possible to hit sometime in June 2019 similar pace to the run up in January this year.