Focus: Nothing Says A Lot
Sometimes nothing tells you a lot. The corn, wheat, and soybean prices remained above long-term support, but they couldn’t manage any upside momentum. It appears the grain markets are in a holding pattern. The daily soybean chart tells the story. There is low ADX (
Chart Courtesy of TradeStation
Dr. Charles B. Schaap transitioned from health care to wealth care in the nineties. He is the author of ADXcellence —Power Trend Strategies and Invest with Success—Big Profits for Small Investors. Dr. Schaap is a commodity futures strategist and recognized authority in technical analysis of the financial markets. His website is www.adxcellence.com.
