RealMacro

OJ Is Sour - From An Erections Come Corrections

Corto
ICEUS_DLY:OJ1!   FCOJ-A FUTURES
Commodities are a completely different kind of trading. They can get extremely violent and blow out people faster than you can blink!

In this chart, we can see an erection move (accelerating as it rises) which is always followed by a correction. The question then becomes where and when the correction occurs.

A topping M pattern is one such signal that gives us a clue a correction may be on the horizon.

Caution! is in order if you are long OJ.

Real Macro Economic Investing
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