Grains at a critical spot here.
I can't trade grain futures, but here is all-grain etf JJG
After making a double bottom between Nov 12 and 19, they rally hard and now testing neckline.
Small breakdown and recovery is ok, as long as 54 not taken out.
I must have a full position on above 58.
If this Double-bottom test fails - there will be another opportunity later at lower price
36.75% - Soybean (was at 40% on 6/30/12)
33.66% - Corn
29.59% - Wheat
Unclear if these are near or far contracts
Correlation to SPX 0.44
So, Soy is a key to watch.