This $JO does not have Alzheimer's and is wide awake and ready for a run from a 16-wk Cup and Handle pic.twitter.com/2jpSXIRUlw
— Peter Brandt (@PeterLBrandt) November 12, 2021
Today’s Chart of the Day was shared by Peter Brandt (@PeterLBrandt). It’s a daily bar chart of the Coffee ETF, $JO, over the past six months. Peter points out that $JO is breaking out to an all-time high from a 16-week cup & handle pattern. By the looks of this chart, your cup of morning joe is about to get a little more expensive.