bearish and the had the "Gap" opened to almost 20! It has now backed off to 13.56 and that is very wide by historical standards. Packers taking off 1 1/2 points a day closes a lot of "Gap".
Dennis quoted the last CME Index at 105.43. We know that since then it has crumbled down to 103.46.
I'm not building a short position. I keep putting them on and taking them off and today the market is letting me do it and keep a little change each time. Just sold again at 89.90.
Best wishes,
dhm