The soybean market has remained in a sideways motion since last August. Every attempt to definitely break above or below its resistance/support levels has been followed by a counter-trend motion.
Our 2015 soybeans roadmap discussed the possibility that the Gann's 20yrs cycle harmonic turning in late September could align with a market top. However, the current market behavior leads us to believe that perhaps it has aligned with a market bottom.
The current post discusses this possibility and a potential scenario for the upcoming months.
