Hey everyone. You'll have to forgive me for dropping my usual "by-the-book" tone but there's no time for formality. I just ran into EWI's chief commodity analyst Jeffrey Kennedy in the break-room and I wanted to quickly tell you about our conversation.
Jeff mentioned that he has had his eyes glued to the soybean market for the past week and prices finally gave the green light for the move he's been waiting for. He actually featured the grain market for subscribers in the May 27 Daily Futures Junctures, alongside a very compelling close-up of the '5-3' Elliott wave design at beautiful work. This chart is pictured here, in partial detail.
For those of you new to our analysis, "5-3" is Elliott shorthand for the complete wave cycle: five-waves in the direction of the dominant trend, followed by a three-wave correction.
Jeff returned to his office to work on presenting this opportunity to DFJ subscribers. His analysis includes labeled charts, and educational video and a very specific date for when this three-wave sequence could end.
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