A.M. Look 7/16/21

Spoo’s and Nasd are trading unchanged on the week.

I have no interest in figuring out the Options machinations for today and how that will reflect on price in the Indices.

Grains are in Play;

A lot of smart people are looking for higher prices.

Corn has a rollover Gap to the upside.

Wheat has a rollover gap matching up with its 200 DMA @ 6.436.

Soybeans; I’m using $16 as the macro closing pivot.

When you’re looking at a commodity you best review the Daily, Daily Continuation, and the Active Continuations for clarity.

Keep your mouse clicking to a minimum.

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