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.

#JCT