I may be making a deposit today or Monday in Wheat... Not interested in taking a two week draw down.
The strongest target in the Weekly array is the week of March 30th for a turning point ahead, at least on a closing basis. We have a Weekly Directional Change target due in the week of March 30th. This lines up with a turning point so in this case we can see at least an intraday event, or a turning point based on the close. Our volatility models also target this date as well. Don't forget, a Directional Change can also be a sharp dramatic move in the same direction, not just a change in direction. It does appear we have a choppy period starting the week of March 30th until the week of April 6th with each target producing the opposite direction for that 2-week period. We have NOT elected any Bearish Reversals thus far to date. The first Weekly Bearish Reversal comes into play at 5250.