SNX / USD

SNX has shown a strong performance over the past weeks.

I'll be looking for confirmation around $7.5 - $7.8 range. This would potentially establish previous resistance as support (blue), this scenario also uses the alligator's jaw (green) as a pivot.

If accompanied by volume, this factors have the potential to catapult SNX up to the $10 price target. As forecasted by the new developing channel (purple), the FIB retracement tool, and elliot waves.

Holding the $7.5 support cluster is key for this scenario to play out. Otherwise, look for support within the original channel (blue).

Using data to beat irrational markets by emotional players.