June 3rd, 2014: CORN and WEAT Wave Count Update
Posted by pugsma on June 3, 2014
3:15 pm EST:
If 13.18 does not hold, it looks like CORN will test the 78% retrace of 30.88. Below 29.50 the CORN wave count goes invalid.
CORN 60-min chart (EOD):
CORN 4-hr chart (EOD):
WEAT has entered the 14.89 to 14.49 gap and hit the 62% retrace of 14.76. WEAT may be going for a gap fill to 14.49 and maybe the 78% retrace of 14.15. Below 13.31 the WEAT wave count goes invalid.
WEAT 60-min chart (EOD):
WEAT 4-hr chart (EOD):
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