TMV Swing Trade Report – Short May Cocoa @ 3623 – Cocoa completed the bullish reaction cycle when the market posted two consecutive reversal dates in a span of five days. Further more, the market formed a bearish peg-leg formation between the two downward sloping reaction lines. Based off the reversal dates and price action a sell recommendation was posted in Tuesday’s issue of the TMV Swing Trading Report. The market is currently trading 0ver 100 points lower on the day. I will have updated information on stops and target objectives in the next issue of the TMV newsletter.
