KevinM - 6/8/2017 21:46 Thanks for the chart Mike. What is SP and why is it important? BTW I'm not too bullish but some whose opinion I respect are friendly corn price. Hi KevinM, You are welcome. Lots of reasons to be friendly corn. But price cannot be forced and will do it when it's ready - not when we are. SP is simply a sliding parallel. It is a line drawn with the same frequency as the ML and attached to the pivots inside the fork. It is simply a way to gauge the relative strength of price by comparing it to the line. A market that exceeds the line is suggesting a market that is healthy and that the trend is likely to continue - vice versa - one that fails to do what it has before, is telling you its tired, and a pullback is imminent. By following along, often you get tips that the trend is about to swap way before the general market gets it. Take Care
Edited by jpartner 6/8/2017 22:38
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