SJM Trade Idea

I'm glad I took the profits on SJM yesterday as per this post...

From yesterday's post...

" Short term on the 2 min I see a positive divergence, just like USO when it broke the channel, it returned to kiss it goodbye, and that is likely what will happen with SJM so I'm closing the model portfolio trade here and looking to reposition, maybe on a straight short."


Today's chart...

SJM returning to kiss the channel goodbye. Keep SJM on your radar, if you see yesterday's post linked above, the longer term charts look bad still. Today may give you a decent entry.