$SNDK REVERSAL TAKING SHAPE ‼️ LONG IT NOW .....
Entry Zone: $1,490 – $1,503
TP1: $1,520 | TP2: $1,540 | TP3: $1,560
Stop Loss: $1,465
Holding above $1,490 keeps this recovery setup in play.
Housing demand is falling off a cliff.
New home sales dropped 10.5% in July to 607K units—lowest in 6 months and way worse than the 1.4% decline expected. Outside of January, this is the weakest print since late 2022.
Sales have fallen in 3 of the last 4 months, down 6.3% year-over-year.
The Midwest got crushed: sales collapsed 42.7% to just 43K units, the lowest since 2012. The South, which makes up over 60% of all sales, dropped 13% to 383K—second-lowest since January.
Meanwhile, the 30-ye...