Tuesday, July 1, 2014

Deep wave 2 for w2 of w5 in Sugar?


Sugar has now hit the .786 retrace for the possible deep wave 2. The target was 1776 and went through it by 5 ticks. It also coincides with the 200 day mvg avg that comes in at 17.79 on the oct contract.  We will see how we open this evening as I will be looking for a higher open this evening, and a possible start to the 3rd wave. 

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