$PayPal (PYPL.US)$ PayPal broke below 223 support which mean...

$PayPal (PYPL.US)$
PayPal broke below 223 support which means it has broken out of consolidation zone towards the down side.

This does not fare well for PayPal in the short term and I do see it going back into bottom consolidation zone which is between 200 and 178. Support will be at 178 and if it holds above that for a few days, a long set up can be opened again and take profit at 200 range which is top of that consolidation zone.