| I wouldn't buy or sell Sunday night. Weekly is due for a temporary high. I would wait and look for a hit on the lower current channel on the daily for a buy to the...25% line off the weekly pattern. If it can't make it to that line or get over it then I would look for a test of the lows again.
Looking at the monthly, it is turning up...it made its low for the year and now it is making a higher high for the year with resistance near the 1050 area
Quarterly turning up...just cleared 961 taking out the highs of eight previous quarters...with the next closest quarter's high target at 1067'4
Yearly is turning up...having just past last years high at 956'2 with a target of the 2018 high at 1082'4
In five months, beans could be in the beginning of a phase transition...that would happen if price were to clear that 25% line...or at least to a higher plateau. A phase transition is where it catches everyone off guard and price explodes up.
Draw your lines and play to them or off of them...waiting for your line is part of the game.
Spike |