UPDATE: pattern appears to have held. too early to call a new trend in place, will obviously need to survive the first major pullback. w/ such a major down trend in place, expect the lows to be attacked again or not? A “normal” correction will be very bullish in my mind.
been watching SUGAR for a while and, particularly the 16 dollar area on the continuous contract. this target has been HIT and, you might want to stack up on sugar products because it has the potential to be a big bottom … go get your fruit loops or coco puffs or what have you …
have a great weekend and off to the Nationals Game … 1% chance, you never know!
so, target zone depicted above and here’s the latest, up to date action: