Both /ES & /NQ (S&P 500 & Nasdaq 100 futures) continues to walk their way up within the 60-minute rising wedge patterns with a sell signal pending impulsive breaks below the wedges on both /ES & /NQ. /RTY (Russell 2000 Small-Cap futures) remains below the 60-min wedge following last week’s breakdown but isn’t going far without the large-caps breaking down yet. (gallery charts below may not appear on email notification but may be viewed on rsotc.com).
/KC coffee futures appear to be breaking out above a bull flag continuation pattern following last week’s bullish falling wedge breakout. JO (coffee ETN) is the official proxy for the active trade on coffee.
/ZB 30-yr Treasury Bond futures are coming up on a backtest of the recently broken 60-min rising wedge pattern, offering an objective short entry (or short on TLT (L/T T-Bond ETF) or a long on TBT (2x short L/T Treasury Bond ETF) as a potential hedge against a short position on the equity indexes or a pure-play short.
The KHC Active Long Swing Trade + Growth & Income trade is within spitting distance of T1, coming within 3 cents on Friday.