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After a sharp move from $63 to $128, SNEX has shown no meaningful pullback. The recent high near $128 marks the exhaustion of a multi-month impulse wave, with the stock now trading around $117.33.
Why the Short Makes Sense:
Overextended Rally:
The move from $63 to $128 occurred with no significant base-building or retracement.
Lack of Support Until...
