lowtrade

[lowtrade]

That's a scary one. I see heavy bags on retails backs, for that emotion play, with zero history. Kind of had the floor drop out from under all, like a hangman at work. No real candle spike till it was too late. OUCH

No

The FIBs bounce happens at the 1st red day retrace reversal, when the candle turns green. Back April 19 and it didn't reach target of 50%, only back to 61%.
http://stockcharts.com/h-sc/ui?s=SNPK&p=D&yr=0&mn=3&dy=0&id=p43026814792