(CNBC 11/18/2016) Shareholders for SolarCity and Tesla voted Thursday to approve merging the two companies."Tesla's shareholders have overwhelmingly approved our acquisition of SolarCity," said a statement from Tesla sent to CNBC. "Excluding the votes of Elon and other affiliated shareholders, more than 85% of shares voted were cast in favor of the acquisition. With SolarCity's shareholders also having approved the acquisition, the transaction will be completed in the coming days."Tesla will pay $2.6 billion to acquire SolarCity, which has struggled financially despite revenue growth. (Full Article on CBNC)Let's take a look at how the market has reacted so far in SolarCity (SCTY) and Tesla (TSLA).SCTY 4H Chart 11/21(click to enlarge)Key resistance around 21.00:- So far, SCTY had one full session to see how the market reacted.- At first price jumped up on Friday (11/18), but found resistance at the consolidation resistance just above 21.00.- If price can climb above this consolidation resistance this week, the chart would suggest optimism, which should lead to further bullish extension. - 24.50-25.00 could be the next key resistance. This is close to a 20% pop from where it is now. - If price falls below 20.00 on the other hand, it means the market is not impressed. But the downside is limited to 18.50, the consolidation range support area. A break below 18.30 then opens up 16.00-16.50, which is a critical support.TSLA 4H Chart 11/21(click to enlarge)Still Bearish, Monitor 170.00:- TSLA still looks bearish after the 11/18 session.- The 4H chart shows the continuing pattern of lower highs and lower lows. - The thing is, when we look at the daily chart, what stands out was the V-shape reversal earlier in the year. - The V-shape reversal tells me that the market in 2016 has at least neutralized the previous downtrend if not turned it bullish.- Because of this V-shape, I am limiting my bearish outlook in case that was indeed the basis of a bullish trend going into 2017. - For now, the bears are in control, but I would watch the 168-170.00 area for support.- This area involves the Fibonacci retracement level of 78.6% (this is a deep retracement). - It also involves the psychological handle of 170.00. TSLA Daily Chart 11/21(click to enlarge)