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I sold shares this morning at the high based on the 2 hr. chart. P&F has it going to 21.50 preliminary target, maybe thats where it'll start a meaning full pull back to get a wave count going.The number of days (as of posting has been 18 days. It looks like it's got an harmonic date.
I may re-enter and keep this if it can start a good wave count or pattern.The only other way I know of trading these kind of equities is by using the square of nine resistance and support. i.e. (degrees ).
I really don't relish holding a lot of stocks until we get through the eclipses.
The market in general looks to be gearing for more downside,but It wouldn't take much to push it through if the animal spirits get strong and decide to do so. The Harmonic Elliott wave count still shows more upside to come for the markets. The same can be said for gold, inverse, It appears for more downside put a push and close above the previous wave (b) would definitely be bullish. Technically we're kind of still in Limbo land waiting for further technical direction.The count in wheat looks good as well as the timing count.The only problem is a decent ETF to trade it. Weat follows the patterns well ,but the volume is troubling.
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