JSDA Update

JSDA is another of the cats and dogs trades that have been featured recently, note the market is not doing well, but the cats and dogs are outperforming, this is a warning that the broader market is nearing a top in my experience or has reached a top.

Here's an update on JSDA.

This is a typical cats and dogs setup, a base with accumulation on the daily chart. The base has perfect volume as does the breakout attempt.

 Here's the 1 min 3C showing the build up of short term accumulation right before the move up.

 And the daily accumulation in 3C

A breakout out of the triangle is likely to produce follow through buying.