Tuesday, October 20, 2015

sugar to end the wave 4 ?

sugar has had a nice run but I believe the party is about over as several different resistant levels have shown up and they all coincide around the 1460-1470 area is this is correct a push back to the mid 8's is very possible as the 3rd wave was too short and a extended 5th wave is coming soon.
 p.s I will be a full on bear here as the risk is tiny compared to the reward risking no more than a couple hundred dollars on the trade.
CK