SNX is forming a head & shoulder. It has build downward momentum & also has fundamental weakness as well.
We think it will fall down to 84 level.
For the option trade we are looking for Dec $105 put which traded for $7.2
You can check our detailed analysis on SNX in the trading room/ Executive summary link here-
youtube.com/watch?v=lqrvUlhlDFI&feature=em-uploademail
Time Span: 13.45"
Trade Status: Pending
We think it will fall down to 84 level.
For the option trade we are looking for Dec $105 put which traded for $7.2
You can check our detailed analysis on SNX in the trading room/ Executive summary link here-
youtube.com/watch?v=lqrvUlhlDFI&feature=em-uploademail
Time Span: 13.45"
Trade Status: Pending
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Check out some of our free video examples @ smartmoneytrading.com/insights/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at smartmoneytrading.com/now
Check out some of our free video examples @ smartmoneytrading.com/insights/
Check out some of our free video examples @ smartmoneytrading.com/insights/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.