Corn Ready To Begin A New Intermediate Cycle Rally

Once a swing low has been established on the corn chart, a new intermediate cycle rally will begin.  The beginning of a new intermediate cycle tends to produce large rallies.    This has become a stretched daily cycle at 39 days now.  Corn is due for a bounce.

My recommendation a week ago to sell puts was obviously early (which I tend to do), but with a double bottom and the beginning of a new intermediate cycle, you don't get better opportunities to employ a bullish strategy which will add some revenue to your bottom line.  Today, you would be able to sell that same $4.00 put for around .54. Corn would have to trade below $3.46 for this strategy not to produce added revenue.