$SNXXB is up 12.1 percent today and I am passing on it

Already dropped 5.0 percent off the last hourly high and that leaves no room to work

An hourly close and hold above 4.6600 changes my mind

Or a pullback that holds 3.6700 and bounces

It could keep running without you and a bad entry costs more than a missed move

Chasing $SNXXB here or waiting for 3.6700?

#SNXXB #RiskManagement