JJC is a perfect example of why i’m a being liberal on many of my short trade stops.  first off, they are still counter-trend trades for now.  secondly, the market is full of trickery and stop running, which is very easy for the big boys to do when trading volumes are so thin like that have been for many weeks now.  i had recently posted JJC as a short trade and suggested a stop somewhat north of the top of this gap (upper horizontal line).  if you did stop out that’s probably a good thing since you are disciplined.  however if you gave the trade some room, then you probably noticed that so far, it looks like that gap above key resistance was a text-book, final stop clearing/suck in some more longs move by the powers-that-be.  maybe, maybe not as only time will tell but so far that lone candlestick just above that key level has formed an potential island reversal top.  it’s especially encouraging (if you are short) to see copper continue to build momentum on the downside in light of the recent weakness in the $USD, as normally you’d expect to see copper prices get a boost from a falling dollar.  since a few days do not make a trend, it is too early to declare victory.  my primary target remains as marked on the weekly chart.  here’s the original daily and weekly charts along with today’s updated charts.