SNX (Daily) — pausing below resistance after the breakout spike

[theSignalyst]

SNX blasted out of its base and is now cooling off just under the $2.50 resistance. As long as price holds above the reclaimed band between $1.50 and $1.10, I treat dips into that area as a buy-the-pullback zone aligned with structure support.

A daily close above $2.50 would put the next ceilings at $3.60 and then $4.00 in play. If buyers fail and price loses $1.50, I’d expect a deeper retest toward $1.10; a sustained daily close below $1.10 would invalidate the bullish continuation setup and return SNX to its prior range. Manage risk—volatility here is elevated after the vertical move.

All Strategies Are Good; If Managed Properly! ~Richard Nasr