Looking at $BABA's failure to reclaim 113.35

Been watching $BABA today and the failure to reclaim the day's high of 113.35 is telling. We saw a solid push towards that level, but it just couldn't stick. The 112.50 area seems to be acting as a minor pivot now, but if we slide much below 111.255, the low of the day, I'd expect further downside action. The risk, for me, is a quick reversal and a clean break above 113.35 on sustained volume, which would invalidate the current weak sentiment I'm seeing. Could be an interesting setup for tomorrow depending on how it closes.