- New Science in old markets -

Cotton makes a second bottom extension

Cotton has made a daily-scale bottom extension overnight. We now advise buying it for a bounce and perhaps for more than that. This is our second attempt at buying this market since the top in early May when we sold short, covering and going long on the bottom extension later in the month. That long position ‘timed out’ after the usual three weeks, so this is our second attempt:

Cotton bottom extension