We got back from UNC yesterday and I didn't do my weekly review this weekend. ES gaped up overnight. It looks ready to challenge the high of 1895.75 made on July 24. I added my RUT Iron Condo on the bear call side of 1185/95. It may be still too early. I will roll up if it gets too close. No trade in ES today.
Grains came down today on favorable weather and growth rating. Corn formed a bearish engulfing today. It could resume the down trend soon. Soybean and wheat had a inside day and a IHS on daily short term. Wheat is on edge for Russia/Ukraine situation which is quiet today. Is the trade waiting for another shoe to drop?
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