Well, the whole head and shoulders that I saw coming seemingly has ended. However, there is another one that appears to be out there that I am more than willing to start trading. Victor pointed this one out to me a while ago, but I felt that it was much more of a long term trend than a short term one. So, even though I have made large losses in my equity balance recently, I need to be long term thinking on this one. Looking at the weekly charts of soybeans:

Courtesy: CME Group

I’m seeing a bit of a head and shoulders, which should be projecting up to the 1600 range. As it hits to that point, it looks like it will take a huge fall. There looks to be a bit of a support level at about 1500. So, if it breaks below that point, go short and get ready for a tumble.