Reddit is Still Hanging In There

Today, the market experienced a massive sell off. Everything that was not tied down to energy or commodities participated in the sell off, including Reddit. The market is flashing some bearish warning signs. Check out the analysis in the link directly below.

That being said, Reddit actually performed a little better than a lot of its peers during this very bearish day. Even though today was a red day, Reddit is still trading relatively flat on the daily timeframe. The volume continues to die off as today was the lowest volume day RDDT has seen. We won't see any type of momentum without volume. And I don't expect the volume to pick up until RDDT's price action picks a direction.

The price action still has not picked a direction. So, the outlook is still technically neutral. But I am still bearish for several reasons. Find out why I am bearish by clicking the link directly below.

This week was quite uneventful for Reddit investors. But there is still one day left in the week. How do you think Reddit will close the week? There are just a few hours to get your vote in. Check out the link below to cast your vote on where you think RDDT's price will be at the close of the day tomorrow.