I was asked to post an update on the JO (Coffee ETF) Long Trade idea. Following the brief whipsaw/failed breakout, JO made one final? thrust down to put in another divergent low & is current trading above the pattern (bullish). Consider a stop on any move below 21.50 at this point, which will be the official stop for this trade.
click here to view the live (updated daily), chart of $COFFEE (spot coffee prices)
JO (coffe etf) daily June 4th