From the stunning peak of $8,700 in April 2018, Swiss National Bank has declined –36.78% as of November 13, 2018. What might be different about this time, versus when SNBN was at $4,449 or $5,940 is that when the price declined it never achieved the conservative downside target of the Speed Resistance Lines [SRL].
| peak | extreme | mid-range | conservative |
| $8,700.00 | $2,900.00 | $3,657.00 | $4,414.00 |
| $4,449.00 | $1,483.00 | $2,240.00 | $2,997.00 |
| $5,940.00 | $1,980.00 | $2,737.00 | $3,494.00 |
The latest decline has hit the conservative downside target at $4,414 and is in the process of retesting that level, as seen below.
Watch the $5,500 level closely as a continued decline could have broad reaching impact on some popular tech stocks.