They Laid Me Off, Now the Stock Might Lay Down Too

https://imgur.com/a/AghxfEz

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 $90:

Reviewing the chart structure, there's minimal historical support between $105 and $90, leaving the stock exposed if it begins to unwind.

AB=CD Completion + Fibonacci Confluence:

The current leg lower mirrors the earlier rally (AB = CD), with a measured target landing near $90.

50% Fibonacci retracement of the entire move also lands around $95.50 — a logical price magnet.

Trade Structure:

A 105/95 vertical put spread, priced at $145, offers strong convexity if SNEX falls into that open range.

This is a high-probability setup for a technical correction of ~23% from current levels, with clean structure, defined risk, and wide open space below.