this pullback may have small legs. then we'll see.
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COFFEE: Breakout of range. Still have 200SMA (4hour TF) to get through but I would argue a close just below as is the case today could lead to a gap over resistance at 3AM... We'll have to wait and see. Still have downslope trendline to get through. Could argue for back test of the 10/20SMA (4hour TF) before getting through but with commodities you never know.
stlwater wrote:COFFEE: Breakout of range. Still have 200SMA (4hour TF) to get through but I would argue a close just below as is the case today could lead to a gap over resistance at 3AM... We'll have to wait and see. Still have downslope trendline to get through. Could argue for back test of the 10/20SMA (4hour TF) before getting through but with commodities you never know.
potential price targets are worth noting.
The attachment 2013-09-11-TOS_CHARTS5.png is no longer available
so is SBUX, tough cup to hang on. I see no weakness at all on SBUX
My comments are for entertainment/educational purpose only. NOT a trade advice.
stlwater wrote:COFFEE: Breakout of range. Still have 200SMA (4hour TF) to get through but I would argue a close just below as is the case today could lead to a gap over resistance at 3AM... We'll have to wait and see. Still have downslope trendline to get through. Could argue for back test of the 10/20SMA (4hour TF) before getting through but with commodities you never know.
potential price targets are worth noting.
2013-09-11-TOS_CHARTS5.png
so is SBUX, tough cup to hang on. I see no weakness at all on SBUX
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SBUX doesn't get my $... We call them "Five Bucks" around here.
not sure if the higher low was in (green arrow). I'm neutral.
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Closer look at TLT, last two buy failed really clean out the TLT bulls, people will look into it above 104 again , until then will it interest any one on the long side, me thinks.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
bears need decisively drop below 100% mm to be bear.
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