Grains are up near 1% today. They got some signs of life now. It looks like that they are following their seasonality. Corn is challenging last week's high at 20 day SMA. It has a decent low of 348 from USDA report. Soybean is harder to read since next three futures contracts are very close in terms of prices. Now the demand may stay strong. Wheat is still in down stair steps. I got couple bear calls in corn and sb today.
Indices are up but in a consolidation mode. ES closed at Fib 62 RT from top but now sign of selling at this level. We may see a gap up to fill a old gap from 7-30 tomorrow. I tried to sell a bear call at 1990 for end of Aug but no fill. I won't chase it. Fib 78% may be the next level to fade it.
Tomorrow is regular stock option expiration day. We could see another choppy day or wild day.
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