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September 16th, 2014: WEAT and CORN Wave Count Update

Posted by pugsma on September 16, 2014

11:45 pm EST:  The WEAT price just hit the major [C]=[A] target of 11.31 to potentially complete the P2 wave down from the year 2012 P1 high of 25.94.  WEAT price must remain above the 10.25 Cycle low from 2010 for this wave count to remain valid.

CORN price is also hitting a potential P2 bottoming area here at the 23.79 pivot.  The Cycle low from 2009 is 18.83, which is the lower limit for this P2 wave.

WEAT 4-hr chart (9-16-14):

PUG WEAT 4-hr chart 9-16-14

WEAT weekly chart (9-16-14):

PUG WEAT weekly chart 9-16-14

CORN weekly chart (9-16-14):

PUG CORN weekly chart 9-16-14

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