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Lean Hog Futures

Lean Hog Futures

We live in interesting times...and as much as I try to remove my opinions from charting, I must on this one. I'm sure many will disagree with my chart as I have forecasted a 3 drive to a bottom out of thin air (in yellow). Facts are, we have completed a BIG ABC & did get a small bounce which tells me (more downside). If you take the ABC and extend it to a 1.27 fib you can argue for that being a finish line , and it may be. I take it a day at a time and look for entries with tight stops. I have not gone LONG yet but will near the $32 area as I see China being slow to purchase the agreed amount of agricultural product they committed to beginning April. Yak, Yak, Yak - I know it doesn't matter what I think, it matters when Buyers come in and Open Interest gets stronger.

If you see something different, let me know as I always love to learn....well, love to make money too.

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