We would expect support to come in aroun 1488 area and see how the market then does on a retest back up. Advance Decline oscillators AD oscillators are overbought but have not given a sell yet. Note how it has formed a beautiful bull flag on the 30 minute chart. Here's a candidate for an attractively priced hold. The weekly charts show good support and you can see the first signs of upward impulse on the dailies.
Grains are at depressed levels.