7000 contracts got smoked in one minute as front runner October made new contract low, printing 16.43, down 26. Especially typical of sugar, it snapped right back, tagging back to unchanged at 16.69. This potential reversal currently sagging down 14 at 16.55
If you fancy sugar a fuel, crude should be supportive, being up nearly a buck, while ethanol competitor corn is down a coupla cents. Of course, Ole' Bucky, the US Dollar is up about quarter percent at 83.51
I checked with a another elliot wave technician and was given a count that predicts 8 cent sugar, yup, 8 cents. Personally, I know of no successful Elliot wave traders. Sure, you can use the GET add on to chart package, that's probably the most effective tool.