Category Archive

     Weekly wave structure appears to be in final stages of a b wave triangle. Daily structure confirms this setup as it points to the completion of an ending wave c diagonal coinciding with multi timeframe divergence in momentum. A fortification of 134.2 in the ensuing two day turns month positive. A hold above in the month of June engulfs May’s candle. Next level …

Soybeans      Yesterdays post suggested that the weekly candle in place should have a propensity to close at or near the lows. Also indicated in the report was a probability that the weeks average 14 period range measurement (28) would increase. This scenario did indeed play out as Friday’s action saw continued selling pressure driving the price of the July contract to the mid 920.0’s. …

Just a little bit Headed in to the holiday weekend, equity markets moved higher as if they were moving through Jell-O. Most of the day was spent in sideways back and and forth fashion. The S&P 500 closed up half a point, and the Dow went out 3 points higher than Thursday. That was seven straight higher closes for the …

  Corn Outlook       Longer term wave structure lays out a reasonable scenario to follow. All directional analysis designed to develop a strategy are intended to define risk and maximize profits to achieve a favorable rate on investment (risk vs reward). No recommendations are made without these criteria. As it appears now studies suggest we could be entering another leg lower. …

Corn          An apparent b wave triangle formation exist in weekly timeframe. This pattern is a smaller structure in a larger ending diagonal in the final wave of completion. If this is the case, then the recent rejection off 380 should be followed by a violation of 364. In the event that this unfolds further weakness should ensue. These patterns can be a bit sloppy …

     Soybeans   A weak close going into final session of the weak. As discussed in previous posting, a bearish tone has been forecasted base on longer term wave structure. The weekly belt hold candle developing also suggest that Friday’s session closes at or near bottom of range. Weekly ATR of 30 has been achieved, however, It should be stated a rise of this indicator, current at lower end …

Record Highs Strong day in the equities on Thursday as both the Nasdaq and S&P 500 put in new all time highs. The S&P 500 closed higher for the sixth session in a row, with the futures trading near 2413 on the close. The Dow futures were up almost 4% on the day, putting in a high of 21,095 before …