$SNXXB I was scrolling charts and this 2x long ETF popped up looking like it just got punched in the face. Price dumped hard from 11 to a low of 8.78, bounced a bit, but still sitting under every moving average and the Supertrend. Structure is lower highs, lower lows, MACD still red.
Net money flow looks positive on the day, yet price keeps bleeding. That usually means the bounce is just noise until something actually reclaims.
No clean entry here. Watching 9.90–10.00 for any real strength. Until then I’m happy to stay out and let the market decide.
Net money flow looks positive on the day, yet price keeps bleeding. That usually means the bounce is just noise until something actually reclaims.
No clean entry here. Watching 9.90–10.00 for any real strength. Until then I’m happy to stay out and let the market decide.