1830 sniper call!
$SNDK SanDisk plunges to 1700—can the 1500 short still be saved?
Last night, Mige accurately identified 1830 as resistance, and SanDisk plunged straight to 1700 this morning. The dollar fell to a 10-week low, the probability of a rate hike dropped to 30.6%, and major players are clearly using the momentum to shake out the market. Technically, the daily Fibonacci 50% retracement at 1673 is strong support. The current price of 1724 is near the middle band, while RSI is not oversold, so another dip is highly likely.
Don’t panic over the 1500 short—it's 200 points from the curre