i am looking at sept 20-23 as a bottom in corn. my cycle study shows corn to be bullish the next 3 years so my suggestion would be btd after sept turning period.
i expect to see some type of a reaction here. a stop loss 2% over line is what i will be doing. everything is lining up for sept 1-3 to be some form of a top.
i have mentioned a couple times throughout the year that the 4Q is where i expect things to get interesting. i think we are close at bay. one just possible date is sept 2. which would be 360 degrees from the last major sell off. trade safely and i hope you enjoyed the gains of the bull market. i dont think anyone expected it to bring in so much exuberance....
roku formed a double top with heavy selling volume. Important angles were broken and a retest of lower support is expected. in all honesty, i have never used roku. i only know it has something to do with streaming, maybe? no idea. this is purely a technical standpoint.
I expect a bottom happening here in corn within the next couple days. 08/06 to be more precious and another one in sept 21. the sept 21 should be a multi year low. a 300% move coming within the next 3 years and all dips should be bought.
Please note we have an important date coming up. aug 6 - aug 9. Major and Minor dates W.D. Gann would watch for changes in trend direction. Major dates are the solstices and equinoxes: March 21st June 22nd September 23rd December 22nd Minor seasonal dates are halfway between the major dates: February 4th May 6th August 8th November 7th
now that we are hitting another important 45 degree angle, it is time to pause and see how the market reacts to this level. we are at a very dangerous level in terms in valuation but insanity can go on longer than you can stay solvent..... there is no such thing as a free meal. i will be watching 7/10 - 7/12 as a possible date for a reversal. please note that i...
fed keeps trying to feed us this narrative that inflation is going to be transitory.... that is not the way i have seen the world to work. once prices rise they never go down. think about your local retail store. once those 10 cent bags of chips went to 25 cents..... they never went back to 10 cents. actually now they are 50 cents. i drew a chart on how i see...
june 14 Saturn will make the passage of its second waning square to Uranus. When Saturn (which is in Aquarius right now) and Uranus (in Taurus) form a square, we often see cracks appear in the foundations of society. The problems with our political, financial, and social institutions become exposed.
please note that 6/10 into july are bearish periods for corn. many people think with inflation and the heat wave on the west coast that the corn prices will go up.... i am taking the opposite side and will ride short position until july
i added arrows to help show the "tunnel through the air" that is responsible for the move lower. a move below 404 would indicate lower prices. maybe around 370? as i stated before. i do not think this is the one. i believe that will happen in q4. however some well respected traders like eliades (www.stockmarketcycles.com) have noted that all long term...
this applies to all major indices. we are entering 60 weeks from march 23 2020 bottom on may 17 (60 = 420 days). this is an important cycle.... with which the significance of you can see if you go back in history. for example. go to feb 19 2020....now go back 60 weeks..... important weekly cycles are 30, 45, 60, 90, 135, 150, 180, 210, 225, 315, 330 and 360....
50 year cycles are considered the jubilee years because that is when record highs happen. jan 2020 - lowest unemployment in 50 years 2020 chiefs win first super bowl in 50 years <----- i won a lot of money betting that 50 year cycle.... idk... there are thousands of examples i can give.... but im sure you catch the drift. so let me present to you 1971 wheat...
nasdaq would be the weakest and my suggestion for shorting as the 20 year cycle replays. this is on a monthly chart... i earlier posted that the same thing played out on the weekly. this is a very dangerous time for the market.