$SE has started the week off strong and has showed an impressive bounce off the 0.618 Fib, this is the battle ground now I think. This is where the bulls and bears will battle to take control, we have the blue line at the $40.60 line so between $40.60 and $40.10 is the area that needs to hold as this is a confluence level.
If $BABA reports this week and if it is another positive beat, then we have $AMZN and $BABA showing strength from the consumer market on both sides of the globe, this will likely encourage $SE too.