SJM Trade Idea follow up....

Here's the idea and subsequent update on the possible SJM trade from yesterday...

 SJM did exactly what I thought it would in yesterday's post, it bounced exactly at the Tweezer bottom support.


 The red trendline is what we want to see broken to enter a short trade in SJM.

 Here's the 2 min chart with a positive divergence exactly at the Tweezer bottom support, however...

The longer 5 min chart is still negative and suggests this is just the bounce we expected and I still expect SJM to break below this trendline.

See yesterday's original post linked above for full trade details.