Gap's strong earnings beat and raised guidance were overshadowed by a sharp intraday reversal from +24% to -9.5%; technical resistance at ~$28 is now the primary focus.

Gap reported [snorts] earnings yesterday and absolutely um crushed it. So, they did beat earnings and missed on revenue, but they actually raised their guidance and on top of that um they they increased their their gross margin and profit exceeded expectations. Right, so really good news for Gap.

At its highest, Gap was up about 24% today right before reversing and selling off over 9 and 1/2% intraday, what a sell. For me, the levels of to watch moving forward are likely, first of all, this nice double top over here around 28 bucks.

And then should we continue to push higher, I'm looking at this double top here around 29-30 on gap. But we'll see. Ultimately, you know, if it does end up coming back down retracing all the way to its pre-earnings levels to this gap, you're going to find a lot of support there as well.