Wednesday, July 9, 2014

60 min chart of dec corn is this finally the wave 5 of 5 of 5.......????

Here is what i am seeing on a 60 min chart of dec corn internal wave count of this last leg down and it appears we are in a wave 5 of the last leg down. A possible bounce could be coming possibly before the report on friday from around the 4.00 area to 418 or so. I'm still waiting on this formation to complete and a downside target comes in at 380-395 for completion and then a reversal. possibly in a bearish report this Friday.

Still holding longs and I will be looking to add on a push down to these levels.

CK


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