SC is currently weekly long on mm at the bottom of its range.
Potentially holding of 62, if we see another leg down I would be watching 50. A break of 43 gives us green box 35-28.
Target is moon man.
Possible short setup on SBUX, looking entry between 786-886 (highlighted in orange) or 1 line.
Don't forget to check the weekly Maxx Momentum to see if we have bearish divergence coupled with loss of momentum.
If SBUX breaks the white trend I have on the chart I believe that the targets levels I have are more likely to get tested.
Targets line up nicely with the fib levels on the chart.
Levels of support currently highlighted in turquoise.
Maxx Momentum is currently up during a weekly squeeze so the set up looks decent here on KMD.