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	Comments on: Packaged Foods Trade Ideas 4-16-26	</title>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/packaged-foods-trade-ideas-4-16-26/#comment-38694</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Thu, 16 Apr 2026 18:37:08 +0000</pubDate>
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			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/packaged-foods-trade-ideas-4-16-26/#comment-38693">jmccallum</a>.</p>
<p>If crude continues to meaningfully build on today&#8217;s gains, then quite likely. /CL rallied above $95 today, with pretty decent resistance around 95.25-95.50, where I expect a <abbr class='c2c-text-hover' title='1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.'>reaction</abbr>, but if it can power well above that, either today or in the coming week, then the $SPX breakout will most likely fail.</p>
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		<title>
		By: jmccallum		</title>
		<link>https://rightsideofthechart.com/packaged-foods-trade-ideas-4-16-26/#comment-38693</link>

		<dc:creator><![CDATA[jmccallum]]></dc:creator>
		<pubDate>Thu, 16 Apr 2026 18:29:24 +0000</pubDate>
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			<content:encoded><![CDATA[<p>i was looking for a new high and reversal candle on the day after taxes.  might get it?</p>
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