At the end of 2017, we saw Square Inc. $SQ trading around $35, where it was testing a key support pivot. We saw some buying there and noted that the RSI was holding at 40 and turning up, a sign that the market is maintaining its prevailing bullish momentum. SQ Daily Chart(click to enlarge)Bulls in Charge?- Not only did price find support at the critical pivot at 34.75, SQ also pushed above a resistance pivot near 40.- But the rally pulled back to test the previous consolidation range. - If price holds above 40.00 this week, I would be confident of a bullish continuation attempt the follow week or two. - If price closes below 38.00 on the other hand, I would lose this bullish outlook, but I would not have a bearish outlook neither. Below 38 calls for reassessing whether the bulls are still in charge.