Greetings from the beautiful Caribbean where my wife and I are celebrating our 30th anniversary today. I wish I could share my present view of the sea as I type this update. 
No changes as we head into the holiday shortened week. Â Equities, CORN and WHEAT remain long, while precious metals remain short.
The favorite bullish count is that minor wave 1 is topping or might have topped on Friday. Â The negative divergence on the 30 min chart indicates an immediate term pullback is due, agreeing with the wave count as minor wave 2 should retrace 30-40 points of the recent gains.
The coming pullback will give the bears one more ray of hope that the massive sell off they’ve been expecting since May will finally occur. Â But as another month draws to a close, I continue to find these simple monthly candlestick charts supportive of the bullish scenario. Â While the equities did breach their respective bullish channels on an intra-month basis, they have never seen a monthly close below the channel and ultimately painted bullish reversal hammers as primary wave [4] drew to a close and wave [5] began – according to my favorite bullish count of course.
The daily chart for equities once again shows a number of bullish patterns building. Â Minor wave 1 should test these necklines, and then after a pullback in minor wave 2, the bullish count should see an impulsive move up through them in minor wave 3 on its way to new highs.
Of course, there is still the bearish side of things  as they cling to the red line off progressively lower highs.
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