Hi Matt. Back to Sugar! I am not really an EW Guru. Just looking
at structure though, is it possible CANE is starting its 3rd wave
up here? Wave 2 looks a bit shallow but I guess there was
some sort of pullback. Also todays rally seems quite impulsive.
Will naturally have to build in the coming days though. I pitched
the end of the wave to around $11 because that's where price broke
down back in Autumn.
Separately, I had a look at Corr (SPX, CANE). Almost an inverse
correlation recently. Perhaps rotation may have something to do
with it. So if S&P is likely to fall, one home may be found in
CANE
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CANE
Posted by vimal on 29th of Apr 2026 at 12:44 pm
Hi Matt. Back to Sugar! I am not really an EW Guru. Just looking at structure though, is it possible CANE is starting its 3rd wave up here? Wave 2 looks a bit shallow but I guess there was some sort of pullback. Also todays rally seems quite impulsive. Will naturally have to build in the coming days though. I pitched the end of the wave to around $11 because that's where price broke down back in Autumn.
Separately, I had a look at Corr (SPX, CANE). Almost an inverse correlation recently. Perhaps rotation may have something to do with it. So if S&P is likely to fall, one home may be found in CANE