The S&P 500 ($INX) extended its new major (long-term) 5-wave uptrend to a high of 4,080.11 during November. At some point, Wave 1 will peak setting the stage for a [...]

The US dollar index ($DXY) confirmed a new major (long-term) downtrend in early December as it moved to a new 4-month low below 104.64. However, $DXY is also nearing a [...]

The Barchart National Corn Price Index (NCPI, weighted national average cash price) looks to be in Wave B (second wave) of its major (long-term) 3-wave downtrend. Based on the market's [...]

The Barchart National HRW Wheat Price Index (HWPI, weighted national average cash price) rstill looks to be in Wave B (second wave) of its 3-wave major (long-term) downtrend. October saw [...]

Brent crude (QA) still looks to be in a major (long-term) 3-wave downtrend despite the higher close to October. The spot-month contract finished at $92.81 as compared to September's settlement [...]

The S&P 500 ($INX) extended Wave 3 of its 3-wave major (long-term) downtrend to a low of 3,491.58 early in October before abruptly changing course. But the time the dust [...]

The US dollar index ($DXY) consolidated during October, staying well within September's wide range before closing lower for the month. Therefore, no clear reversal pattern has been completed to confirm [...]

The Barchart National Corn Price Index (NCPI, weighted national average cash price) extended its major (long-term) downtrend to a new 4-month low near $6.37 before rallying back to $6.61 to [...]

The Barchart National HRW Wheat Price Index (HWPI, weighted national average cash price) remains in a major (long-term) downtrend. However, the HWPI extended its rally off the August low near [...]

Brent crude (QA) extended its major (long-term) 3-wave downtrend to a low of $83.63 during September. The next downside target is $76.50, the 50% retracement level of the previous uptrend [...]

The S&P 500 ($INX) saw Wave C (third wave) of its 3-wave major (long-term) downtrend extend past the Wave A (first wave) low of 3,636.87 from June. By definition, this [...]

The US dollar index ($DXY) extended its major (long-term) uptrend to a high of 114.78 during September. However, by falling back to close at 112.12, monthly stochastics established a bearish [...]

The Barchart National Corn Price Index (NCPI, weighted national average cash price) consolidated during August before closing at $7.1363, up 14.75 cents for the month. The major (long-term) trend remains [...]

The Barchart National HRW Wheat Price Index (HWPI, weighted national average cash price) extended its major (long-term) downtrend to a low of $7.6159 during August before rallying to close at [...]

Brent crude (QA) extended its major (long-term) 3-wave downtrend to a low of $91.52 during August. The next downside target is $90.78, the 38.2% retracement level of the previous uptrend [...]

The S&P 500 ($INX) looks to have possibly posted the peak of Wave B (second wave) of its major (long-term) 3-wave downtrend. The index hit a high of 4,325.28 during [...]

The US dollar index ($DXY) closed the month of August at 108.70, up 2.80 for the month. This after extending its major (long-term) uptrend to a high of 109.48, taking [...]

The Barchart National Corn Price Index (NCPI, weighted national average cash price) extended its major (long-term) downtrend to a low of new 4-month low of $6.4725 during July before rallying [...]

The Barchart National HRW Wheat Price Index (HWPI, weighted national average cash price) extended its major (long-term) downtrend to a low of $7.6343 during July, a sharp sell off for [...]

Brent crude (QA) confirmed a new major (long-term) downtrend as it fell to a new 4-month low of $94.50 during July. this followed the bearish spike reversal posted during June [...]

The S&P 500 ($INX) looks to have moved into Wave B (second wave) of its 3-wave major (long-term) downtrend. Wave A (first wave) looks to have bottomed out with the [...]

The US dollar index ($DXY) extended its major (long-term) uptrend to a high of 109.29 during July. This was the highest the index has been since September 2002 when it [...]

The Barchart National Corn Price Index (NCPI, weighted national average cash price) posted a bearish outside range during June, a move that completed a double-top reversal pattern on its long-term [...]

The Barchart National HRW Wheat Price Index (HWPI, weighted national average cash price) looks to have collapsed into a major (long-term) downtrend. As discussed in this space last month, the [...]

I'm going to call the major (long-term) trend on the WTI crude oil chart sideways, with a wide range between the previous 4-month high of $130.50 (March 2022) and 4-month [...]