The near-term direction in the stock market could be determined by which way /ES & /NQ break from these small descending triangle patterns today. 60-minute charts below.
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- ES 60m April 8th
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- NQ 60m April 8th
Both /ZC corn futures (ETN: CORN) & /SB sugar futures (SGG or CANE) remain on watch for a breakout above their respective bullish falling wedge patterns. 60-minute charts below.
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- ZC 60m April 8th
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- SB 60m April 8th
/KC coffee futures (or the ETN, JO) offers an objective add-on or new long entry on this backtest of the minor downtrend line with a stop somewhat below. 60-minute chart below.
KC 60m April 8th