I am looking at $JCT as a short because the pump was strong, but the rejection after the spike looks serious to me.
Short
EP: 0.00298 to 0.00305
TP1: 0.00282
TP2: 0.00268
TP3: 0.00252
SL: 0.00322
I am seeing profit taking hit right after the expansion move, and that usually cools momentum fast. If this weakness continues, I think $JCT can retrace deeper from this area. I would not trust $JCT long while this pressure remains.
