Looking for Sweet Symmetry

Headed into the final part of today's session, sugar still figures to be the most reliable commodity out there, of late. To follow-up on recent blog posts, sugar has been acting better and better in the wake of a one-way multi-year bear market. 

On the weekly chart for the ETN, below, sugar is now overbought at the upper weekly Bollinger Band. 

Markets tend to like symmetry. And I expect something akin to a "right shoulder" in the coming weeks, at or above the $30 level on the ETN. 

Given the resurgent strength and the manner in which sugar held its 200-day moving average of late, I am looking for a major bottom to play out, albeit with patience and discipline. 

As for equities, the rally today takes us into huge earnings tonight, namely AMZN GOOGL.