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sdholloway56
Senior Advisor

The corn chart

is good for nearly nothing compared to two other charts- the weather chart and the calendar.

But fwiw, a five wave advance (3 of something) ended at the May high. A five wave decline ensued, followed by what so far looks like a 3 wave internal correction. Best call is a 5 wave C leg down to finish wave 4 as a zigzag correction. That would leave the door open for a final 5 wave advance.

Of course that requires weather, or some much less likely development.

Elliott Wave isn't predictive, it just gives you some orientation.

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