Wheat reached the reaction line on the February 3rd reversal swing date. The support held and Wheat reversed and climbed back to the descending median line as it approached the February 10 reversal swing date. At this point the market accelerated and broke above the median line and the 20-day SMA. This represents the end of the cycle and the beginning of a possible major trend shift for the Wheat. I’ll watch for a pullback and a signal pattern before making a buy recommendation in the TMV Swing Trade report.
