Jul Rough Rice produced a 1-2-3 bottom formation. An entry to the upside was triggered on May 16. The stop loss can now be moved to below the May 27 low. The initial target is the bottom of the blue daily resistance zone near the 13.685 level.

Jul ULSD NY Harbor has developed a second #2 point. Keep watching for a second #3 point to take shape and setup another possible long entry. 

Sep 30-Year T-Bond has produced a #1 bottom point. Keep watching for all of 1-2-3 strategy criteria to be fulfilled.

Last week I wrote. . . Aug Feeder Cattle has developed a 1-2-3 top formation. A break below the #2 point will trigger an entry to the downside. If filled, the initial stop loss can be placed just above the #3 point. The initial downside target is the blue horizontal support line at 287.975.

An entry would have been triggered on May 27. The stop loss would have been triggered today. I'm now watching from the sidelines.

Jul Orange Juice produced a 1-2-3 bottom formation. A paper trade was triggered to the upside on May 14. The 1:1 risk/reward level was hit May 15. The longer-term target, at the gold horizontal weekly chart resistance line, was hit on May 23. 

I also wrote in last week's email. . . If trading additional positions, consider moving the stop loss to just below the May 22 low.

This stop (for additional positions) was also hit later in the day on May 23.