Soybeans 61.8% to 61.8%

We left you with this after calling for a slingshot move when it made a slightly lower low and held the long term swing point of 1301.00 on the close.

We are looking at the same scenario as the Sept. here, with it holding the long term swing point at 1301.00 and going up to and through 61.8% at 1472.00, and closing back at it gives us a 61.8% downside target of 1366.00. Use 1472.00 as the swing point to start the week, below it, look for 1366.00....

Now we can go over what to look for after hitting the 1366.00 target.