FOR THURSDAY: (8/23) Grains in trouble into Friday. Cattle also looks lower into Friday, and have to sell bounces on hogs.
TODAY’S COMMENTS: (8/23) Didn’t get the secondary high. Market projects 360.75 and there isn’t much room to make much now but cycles are still weak.
OVERALL: The lower daily chart pattern suggests 360 and 353. The larger bounce is annoying but the market should still come down.
CYCLES OVERVIEW: Lower into Friday and into Aug. 26.