$SNDK’s strong bull trend today is actually bad news for both the bulls and the bears. Here’s why:

For the bears, the reason is obvious, so I’ll skip that.

For the bulls, today’s rally didn’t reset the buying climax enough. Historically, that often means the market still needs another leg lower before a high-probability long setup develops.

I’m not looking for average trades. If I can reverse to long at much better prices, those are the trades that have the potential to produce outsized returns while keeping risk relatively limited.

$SNDK $MU $SOXX

Educational content only. Trading involves substantial risk. The setup grade and outcome described here are specific to my plan, sizing, and risk tolerance. Do your own work.