dec corn update are we looking at the 4th wave up of the 5th wave?

Looking at Dec corn on the daily chart below with this last push down looks impulsive and possible finished just above my 336 call to finish a w3 of the 5th wave and a  Wave 4 higher now to target 466-475 maybe brewing.... as wave 2 was a simple deep zig zag.  Ill be watching for wave 4 to be a flat or some kind of shallow triangle correction. 

my second thought is that this a wave 2 but it appears to impulsive with no overlapping waves. holding long for now. Any questions or markets you would like me to take a look at please feel free to ask. commoditykid@gmail.com

Nat gas update… w2 intraday?

Nat gas appears to be putting in a double zig zag intraday for a possible wave 2. 455 will be where wave a=wave c .  If that does happen the sept trade stop may get taken out where we put it in 8 cents lower from my fill yesterday. Hopefully c wave falls short. 

The big corn bottom… are we there yet?

Haven't posted on corn in a bit so here it is.

Looks as if corn could turn higher in the coming weeks and trade into a w4 and a possible truncated w5 down. Either way I believe a significant bottom maybe close at hand after almost hitting my 336.0 number on 6/17 as I stated in my last post. Updated market count on dec and march corn are available via email. 

Positions: Still holding long in dec and most likely will add in mrch.

Good trading

One on one training…

Interested in one on one training? I'll show you how it works. Just email me and We can get started. Commoditykid@gmail.com

Low risk trade setup…

2 markets set up for low risk trade.  Here's one… currently order to buy mini sept nat gas @ 467. See if we get hit. (Risk is 8 cents if filled). 

sept coffee wave 1 complete and zig zagging in wave 2?

Sept coffee is looking like we are putting in the last leg of deep zig zag for a wave 2 and targets come in at (158.20 = .618)  and 163 n change( A=C). Wave 2's usually retrace .618 of wave 1 there are however exceptions as they can retrace the entire move of wave 1. price must not break the low of where wave 1 started. While I don't think this is going to be the case markets usually do what you don't think they will do and coffee is notorious for that! I will be watching this market to try and time an entry. If this is a wave 2 and (I hope its a deep wave 2 ) next will be an exciting wave 3.
 
Good trading
CK

Aug feeders top in place ?

Feeders have extended the wave 3 to 3.00 of the distance traveled from wave 1   And the target came in at 210.35. I will be watching for a top to be in here and a wave 4 to begin. 

Aug fats..... will they ever stop?

the cattle market has been on an unbelievable tear but I'm still looking for this wave 3 to terminate and retrace into a wave 4 which could target as low as 136. As  you can see on the daily chart below, a throw over of the trend line to the upside may have finished this markets momentum.as I can count 5 waves higher with wave 1 of the 3rd wave extending.( I'll be watching for 5 waves down intra day on this market and a test of that broken uptrend line at 14550.

 

Facebook… rdy to slip n fall

Facebook looks like we are set to finally see this C wave down to the prior wave 4 of 47-48 and possibly lower to the 45 level. Count still remains in tact from the last update and I'm holding short. 

Grain update.. has wave 2 ended ?

DEC Wheat

The grain market ( corn and wheat) after a slide last week could have bottomed in a wave 2 on Friday. As you can see the chart labeled below on Dec wheat ,we have touched the .786 support level to finish the possible wave 2. Now i will be watching for an Intra day 5 wave move to higher prices and a possible break of  659/3/4 as my first clue that wave 3 may be underway. This is my main count as of now. Invalidation would be a push below 577 3/4 on the daily chart. we will see what happens here.

Small position long from 625 this morning basis dec.