SNX is on the move again

After such a volatile spike, a healthy retracement is expected. Key support levels to watch on the pullback are:

• 3.3 area (previous resistance now support)
• 3.02 area (prior support)
• 2.566 area (further downside projection target)

We need to monitor the daily candle closes to see if/where support forms. 🕯️

The recent breakout and test of 3.7 shows an increased willingness to seek higher prices in SNX. 📈 

So, if support forms around 3.3 or 3.02 on this pullback, it could present a nice opportunity for bulls.

In fact, we could also see a retest of the 3.7 level after basing the new support. 

The market often pulls back to key breaks before continuing. 🛫

For now, wait patiently to see where buyers step back in and establish support on SNX. The key levels are mapped out to watch where that happens. 

We'll gain more clarity on the next likely directional move by seeing where support forms.