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May 11th, 2014: CORN Wave Count Update

Posted by pugsma on May 11, 2014

5-14-14:  Adding a 60-min chart for CORN below.  It looks like wave (2) of minor 3 will head for the 33 area.   The 200-day SMA support is at 33.18.

CORN 60-min chart (5-14-14):

PUG CORN 60-min chart EOD 5-14-14

1:30 pm EST:  CORN continues in a Primary 3 (P3) up-trend off the Primary 2 (P2) low of 29.50.  Wave (2) of minor 3 of major [1]-P3 is nearly complete near 134 as a flat.  I’m expecting wave minor 3 of major [1] to reach the 41.39 pivot and minor 5 of major [1] to reach the 45.93 pivot area later this summer.  Details are shown on 60-min chart below.

CORN 4-hour chart (EOD 5-9-14):

PUG CORN 4-hr chart EOD 5-9-14

CORN weekly chart (EOD 5-9-14):

PUG CORN weekly chart EOD 05-9-14

 

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