We made quite a bit of money last night being long $ZT_F and short $ZF_F and we're putting the trade back on right now. We think there's a ways to go here - too many people caught way offsides by this bond dump.
$ZT_F vs. $ZF_F: looks like a rounded bottom is forming with a little bullish wedge over the last 8 hours. Inflation IS becoming a concern globally, so this should have some legs.
Soybean (ZS_F) cycle from May 13, 2019 low shows an incomplete 5 swing sequence, favoring further upside to end 7 swing double zigzag structure. On the 4 hour chart below, wave (X) ended at 867.4. Wave (Y) higher is unfolding as a zigzag Elliott Wave structure where wave A of (Y) remains in progress. The internal subdivision of wave A is unfolding as an impulsive...