SNX/USD - Sell signal triggered. Correction due - $11 possible

18. Jan. 2021

As indicated in my last idea, SNX has broken the yellow parabola and closed a daily candle outside. Therefore we're cleared to go lower now.

Obviously falling to $5 -7 may be unrealistic right now as we have plenty of support levels until there, but a good support level to eye is around $11 as shown on the chart.

The indicators are also very bearish with falling momentum and decreasing volume.

Therefore, this is a good moment to explore short opportunities with a tight stop loss should we turn back up for some reason.

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21. Jan. 2021

Anmerkung

Well well well... here we are.