FOR THURSDAY: (11/15) Cycles are volatile into Friday and while grains seem lower and meats also, we have some unusual cycles so watch closely and be prepared.
TRADING RECOMMENDATION: Wait for morning comments.
TODAY’S COMMENTS: (11/15) Beans failed at the top of the trading range again toward 888. Thursdays tend to be lower but there is a larger cycle that holding up into Friday. We may sell in the morning if the market continues to fail but very mixed and congestive action isn’t that exciting. Hard to jump on shorts here and much easier by early Thursday if the market fails again. Market likely to fall to the 849-50 region at some point but not right away.
CYCLES OVERVIEW: Lower into Thursday; volatile Friday.