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Hogs Daily *PIC*

Hi Dewey,

Front month October long time continuous chart. Looking at the array it seems like it is going to be choppy here, both green and red Trading Cycles. If price meets time then you will be looking for price to travel down into the 24th High Aggregate where you have a green Trading Cycle...so you would look for price to trade at the 87.60 with a possible bounce off the 3rd line at 86.20. There is no Directional change on the 24th so not sure if this is the big turn on the daily here. The Weekly chart had a directional change and a high aggregate for last week...with a Panic Cycle scheduled for this coming week. the Weekly time and price would be 86.04 on the 29th off the low aggregate.

From the daily text...

The Live Hogs (CME) made a new low today. Nevertheless, this market has not yet breached our underlying system
support levels. Interestingly, this market opened higher making a new low down 1.50% under the previous low which was
a sharp decline and then closed below that the previous low plunging significantly in panic mode again by 5.76% from the
previous session's high. This strongly suggests we are could be entering a potential crash mode position implying caution.
A break of today's low of 9190 during the next trading session will warn of a potentially serious decline ahead especially if
it closes below today's low again. The last important high was formed on Thursday July 28th at 12070 which was 16
trading days ago. Our projected support for tomorrow lies at 9173 and a break of that level can set in motion a panic to
the downside where extreme support lies at 9028. Hence, pay close attention at this time.
We did close below the previous session's Intraday Crash Mode support indicator at 9405 settling at 9330 which alerted us
to a further decline was likely going into the instant session. The immediate Crash Mode support for this current session
was 9163 which we have now closed back above suggesting the crash is subsiding. The Intraday Crash indicator for the
next session will be 9028. Now since we closed back above this indicator in the current trading session, then holding
above this indicator for the next session will imply the decline is subsiding. The Secondary Intraday Crash Mode support
lies at 6038 which we are trading above at this time. A breach of this level with a closing below will signal a sharp decline
is possible.
Intraday Projected Crash Mode Points
Today...... 9163
Previous... 9405
Tomorrow... 9028
This market has declined for 6 trading days since the last high established at 10165 from which we have witnessed a
decline of 9.59%. In the process, we have elected four Daily Bearish Reversals.
Granted, this decline has penetrated the previous key cycle low established at 9382 and it is sharply lower by 24% from
the last high made 07/28. This type of pattern warns we are in the throes of a near-term correction which is rather
serious at this moment.
Interestingly, this market has dropped for several days and closed below the previous low warning that the market is still
vulnerable. The projected extreme target support for tomorrow lies at 8881 which needs to hold on a closing basis to
imply a bounce can form thereafter.
Up to this moment in time, the market remains bearish on the short-term levels of our indicators while the long-term
trend and cyclical strength are bearish. This market is also trading mostly above the bank of eight moving average
indicators suggesting it remains in a mixed posture for now. The market is trading within our envelope albeit skewed to
the bearish side.

We did close below the previous session's Intraday Projected Breakout Resistance indicator which was 9896 settling at 9330 gesturing that the market is not in a
breakout mode at that precise moment. The current Projected Breakout Resistance for this session was 9789 which we still closed below. The Projected Breakout
Resistance indicator for the next session will be 9401. Now this immediate indicator in the current trading session is above the current close offering projected
resistance. Therefore, we either must open above it and hold or close above it to imply the rally is still in play. Otherwise, failure to exceed 9401 during the next
session warns the upward momentum may be lost and a retest of support becomes possible.
Intraday Projected Breakout Resistance
Today...... 9789
Previous... 9896
Tomorrow... 9401

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