Pork update… major w3 resistance!

Obviously Pork is still in a w3 of wave 3 higher and has surpassed my resistance lines for a normal third wave of w3.( remember : third waves are made up of 5 waves) The next resistance comes in at 122.40 on the June contract on the major wave 3 target. 

Wave 1 higher complete in sugar today?

Wave 1 in sugar looks to be near completion as my target for October was 1 tick from being hit at 18.78. I will be looking for a wave 2 in the form of a zig zag that would target 17.51-17.28  if we get a full corrective wave 2. 

Very good chance Lean hogs (June) topped today

June lean hogs have topped out today I believe… the wave 4 of three should extend down to the 107-110 level in a quick and deep zig zag. 

Short premium this morning at 11850

Facebook… sale of a lifetime? I think so

Facebook has moved to the 71.20 area for the second time which is the 2.618 of wave 1. This wave 3 extention is rare as w3's usuall go 1.618 of wave 1. 

I'm a seller here!  

April fats… are we in an extended wave 3???

April cattle hit my target of 14615-14630 yesterday and it appears that we are still in the wave 3 higher. I'm still holding short from 144 but the potential for this wave 3 to extend to 149.95 is definitely still there.  I would like to see a break under143.75 to confirm that wave 4 is underway to targets of 140.40 to 138.50. 

June hogs… shorts getting squeezed…wave 3 of 3?

Here's an altered count for June hogs… appears we are in a third wave of the wave 3 . If wave 3 is 1.618 of wave 1 then the wave 3 of 3  target comes in at 117.98. 

Still watching this market as I'm dying to get short but shorting wave 3's are suicidal. 

Oct sugar…closing in on w3 target

Oct Sugar is closing in on the wave 3 target of 1778 to possibly finish the wave 3 of wave 1. Since the wave 2 was shallowim expecting wave 4 of wave 1 to retrace  a full .382 of wave 3. In a complex pattern. (Possibly a triangle)

We have to complete the wave 3 first. As I am looking for a super spike in sugar I will be buying any pullbacks into the high 17's and lower.  

Coffee… 5 waves up completed?

May coffee looks to have completed 3 waves higher on the daily chart and a correction into a deep wave 4 should be coming soon  Trgts are 153.68- 145.26. We should not over lap 144.15 if we are in the 4th wave. This my preferred count as of this writing.