SNAP - Textbook Wyckoff Distribution

٢٠ ديسمبر ٢٠٢٣

SNAP looks to have entered a Wyckoff Distribution pattern after the massive bull run. Insider selling plus big synthetic short position on the Jan 5 14.5 options points to SNAP being out of gas. Starting a short position here towards the top of the trading range, will add if it breaks below 16.5 w/ volume. GLTA