Feeder Cattle is about to complete a cup and handle. I will be looking to go long with a break above the 173.5 level.
KC wheat might be forming a bull flag. Not my favorite pattern to trade but I am willing to take a shot on the long side with a break above 840.
Wheat also might be putting in a H&S bottom here. I will go long which ever one break to the upside first.
The SP500 might be forming a head and shoulder top. I prefer it be a failed H&S top and trade it from the long side. This fits into my opinion that US stocks are in a bull market. I do not think it’s over yet. However, I trade my plan and not my opinion. If it flashes me a sell signal, I am going to take it.
I might take a short position if the 10-year or 5-year notes breaks down from the below patterns. I am still kicking myself for missing the short 10-year trade last month. It completed a perfect and compact H&S failure pattern. My sell orders never got filled.
My bias is to be short the 5-year.