Today’s rally is one to sell. Sell SX 12.90 to 13.00. The high at 13.07 took out the 50% RT by 3 cents.
Its over done, and everyone who is buying this looking for a continuation is going to be selling it to us back down at 12.55.
Stay away from SH b/c its in a delivery month. Last thing you want is to catch beans or get a delivery notice.
Trade May for old crop. Or stay in SX and fade the rally.
Also, foot note. sell CX now if we take out 5.52
That is all.
CER