JJU (aluminum ETN) just hit the minimum price target (primary uptrend line) hit for a quick ~14% gain with a reaction likely here and/or down to the 55.70ish support level just below.
JJU was first highlighted as a short trade idea in the Oct 12th Swing Trade Ideas video about two weeks ago (screenshot from video below.
A second objective add-on or new short entry was also highlighted in the Oct 21st trade ideas video when JJU took out the minor uptrend line (screenshot below.
With the odds for a reaction off this initial drop to the primary uptrend line (and/or the 55.70ish price support just below), active traders might consider booking partial or full profits and/or lowering stops if holding out for more downside. I’ve also listed a likely bounce target around the 59.50ish resistance level, on the updated chart at the top of the page.