above weekly corn
Here are two corn charts.The one above is a weekly chart and the one below is a daily. As you can see we are in the final stages of the 5th wave down in what appears to be an expanded flat for a wave 2 as seen on the weekly chart. The question is where will this 5th wave end. it very well could end somewhere in the vicinity of 3.00but do we get a bounce before then. my feeling is yes but we will get a possible wave 4 of the fifth wave and it should correct deep most likely back to around the 4.00 again we will have to wait and see.
interesting to see that both commercials and large specs are long this market. The only ones that are short? u guessed it small specs
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