This is more of a reminder...
SJM daily -Break-away gap and 200 day moving average resistance
Intraday there's resistance around $76.25 which looks like a churning event
The 30 min chart is showing some weakness in the bear flag.
That weakness is flowing from the shorter charts like this 15 min.
Here's today's 5 min, my guess would be distribution here above the 200 day.
There's a clear trendline in red and the 200 day near the same area. You might look for break of both as a possible entry on a short trade.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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