IBM analysis after earnings, pre-market

IBM, gorgeous bearish gap on Thursday. Today was a bearish confirmation candle and NOW IBM is gapping down. Tomorrow will be fun to watch. I think IBM goes much lower. 124.71 will be a nice place to short a retest (200 SMA on a monthly) $118 is a target by this week, maybe tomorrow.
From there, let it rest at $118 for a bit. A break below that and, you know what's up

Caryn S in 125 puts that expire next week.