Google and Amazon are reporting earnings tonight. If they miss...

Google and Amazon are reporting earnings tonight.
If they miss expectations then I would say that the downward momentum will continue there and to some extent here tomorrow.

Could also see a small spike/bounce tomorrow here if they and others do meet or exceed expectations.
I have a feeling that the market has had enough of the down days and are looking for any "good" reason to bounce..
Although I still believe that the overall downward trend will continue though, at least until we hit those february lows.



NASDAQ Daily chart

It's looking like the bear flag is playing out.
There's a bit of support on where they closed last night so if enough earnings results are good we could see a bit of a bounce.
If not, then the bear flag will likely continue.
Going by the length we could likely end up near February lows.