January Milk Elliot Wave

8 Nov 2017

Jan Milk III is nearing the Support 3 line and closing in on oversold RSI. Milk is very bearish right now. USDA put milk trading around 16.18 to 15. Well it went below that. The next USDA numbers on Milk is November 20, 2017 3:00 PM. Right now Milk is trading in a band and could be coming to a final three drives pattern.

9 Nov 2017

Nota

Milk made bottom channel and rebounded. Upside target 15.37, and pivot at 15.58

9 Nov 2017

Nota

Upside target for Friday pivot at 15.58

14 Nov 2017

Nota

Milk trying to find a low. Produced a harami bull sign today. waiting for more confirmation. May try for more downside.

14 Nov 2017

Nota

Milk is either setting up a bearish flag to drop further or poising itself for a run up to pivot at 15.58. First target would be S1 at 15.27

19 Nov 2017

Nota

Milk Breaks through Channel and S3. No downside end in sight.

22 Nov 2017

Nota

Milk is deciding where it wants to go. Nothing new to report.

29 Nov 2017

Nota

Milk still doesn't know where to go. Making a lot of dojis. There could still be more downside.

6 Dis 2017

Nota

Milk continues to break down. New pivots have been created. Next downside target is 14.16 at new S2

7 Dis 2017

Nota

Milk made a bullish move today on January and February. Jan using 14.07 as support. Feb 14.16. Might have an upward swing to pivot at 14.88. There was considerable buying at 14.35 for Feb.

11 Dis 2017

Nota

Milk on hold

21 Dis 2017

Nota

We have a hammer and buy back for milk. Upside target 15.07