AMEX:JO   IPATH BLOOMBERG COFFEE SUBINDEX TOTAL RETURN SM INDEX ETN
60 0 1
Monthly version of $JO. It looks like we are completing a pattern that has occurred before, just on a larger level. We are currently sitting on major support from the 2013 low, so it may put up a fight for a month or 2. However, I believe it will follow the multi-year trendline (in green) & complete this current pattern at the 123.6 extension (like the larger pattern did), where there happens to be confluence from other extensions as well.

Additionally, we also have a bearish Tenkan/Kijun cross after a failed flip. I see $JO being ~$15 before EOY. Accumulatio has also been dropping to new lows but RSI still has room to match the ATL. I will re-evaluate once we get to a new low for an opportunity to buy.

Love the symmetry here. Good Luck. This is all IMHO.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out