Hourly s&p chart another setup to sell?

An hourly chart shows a nice 1-2-3-possible 4 and the 5th wave up to come. Targets on the topside will be 2020-2030 if we get a full w 5 if we have in fact finished the corrective 4th wave. 

The two blue dots connect the beginning and end of w3 and a push down to 1980 would be the .382 but we have move far enough for the w4. This final leg may finish on news from the fed…

Remember wave 5's can truncate, move in equal length of wave 1 or extend. We will see… staying aggressively short! 

Request for lumber count

Lumber looks to be testing the 328-330 level in a flat formation for wave 2,and a test of this level is definitely possible.( per nov contract)  this looks to be a triangle of some sort for a wave 4 wedge or triangle of a completed 1-2-3 down and almost completed w4 with the 5th down to come. 

Longer term- the picture looks bullish and a wave 2 zig zag looks to have completed and a push back to the highs sets up the w3 higher. 320-330 should protect the downside as a w4 triangle looks to be playing out on the weekly chart with the 5th higher to come.  

Good trading

CK

Sugar… target hit oct… mrch w1 invalidation?

Sugar has hit another target on the downside at 14.33 and again I will be making an effort to get long here as I believe a bottom is close at hand. I will be getting long the back mths of mrch May time frame as it he charts here are still managing to hold into a possible wave 2.  Although mrch is 1 tick away from invalidating at 1659. The next target will be down near the 1630 level. Let's see if we hold here…

Targets for dec crude…

The last wave of the corrective b wave is setting up perfectly and I will be purchasing the dec crude contract at the target range from 85-88 … 

Sugar- short and sour

All bets are off on oct sugar now and this move looks impulsive lower and target comes in at 1433 if wave 3 is 1.618 of wave 1…. 

Watching for now. 

Morning sugar… sweet or sour?

Front month sugar is really playing with invalidating the wave one that started back on the 28th of jan at 1470. Until this happens though the count remains intact as a deep wave 2 that must complete or invalidate this count…. As I have seen many wave 2's act like this in my trading career a push back over the 15 via oct contract will be needed to close back over the weekly trend line… 

Also as oct is at a discount to march and May contract by almost 2 cents. There is a great likely hood that if this is the bottom and we do hold that we start to close that gap… 

Position:

Long position taken today at 1473 oct with a 7 pt stop) as I wanna be out on a decisive break of 1470. Very low risk trade. Let's see if we are right. Should know very soon!  

Good trading

Is dollar Rally a mirage???

The US dollar looks to be moving toward the e wave target at 85.05-86.00. Of the B wave triangle… if this is the correct count the US dollar could be in some trouble. E waves will often throw over the trendline and fail… we will see what happens here.