SNX is about to dig a hole...

The setup is looking really bearish against BTC.

Only Long argument would be that the breakout haven't happened with volume.
If I were to take a position, I would put a sell order just below the support in order to avoid going in on a potential fakeout.

Kommentera:

We are on the support right now. Break it and it's Valhalla...

Kommentera:

Seems that it was a fae out.
Let's see.

Kommentera:

Lesson taken.
Analysis non valid.