a broken record and some of my clients think that is the case due to my screams of another $16 Wash Out coming in Nov. I've been putting out those upcoming negative cattle market comments on a weekly basis all month and the market kept pushing higher. Then the packers throwing out the 190.00 cash sale candy made me look extra foolish in my thoughts and recs. I have to admit that I was asking myself about the viability of my thoughts and expectations. I've been there before and doesn't bother me to look foolish because many of those past foolish expectations were vindicated when the final chapter of my roadmap completed its destination. The key that many forget is Damage Control when the market throws egg in my face and takes a detour I hadn't calculated.

This 190.00 resistance area is a critical stopper area that needs to do just that with only two days left to the month of Oct and the Oct contract expiration. In defense of my road map I put together during the first quarter of 2024, I had the Oct contract as the winner to take the honors of having the final cattle market rally to put the Top in on the cattle market before the Bear came out of its Two year sleep to begin terrorizing the Bull Camp for a mega Wash Out into late 2025 for the 9 year cycle low. The Oct contract did grab this last rally for 2024 but it was the June contract that planted the Flag at the top of the mountain at the 195.00 area.

The Oct contract managed to grab the last rally to complete the right shoulder of the Bearish clue of a Head & Shoulder formation on the weekly nearby chart. There is still two months left for 2024 so it is possible for the Dec contract to try and challenge the June 195 Hi but very doubtful unless the packers want to keep upping their offers and that even more doubtful with the cycles changing to low energy for the next 3 months. For the cattle market to have sustained rallies it needs the help of the extra positive high energy cycles that I don't see having new rotations until Feb and they are to far out to have any idea whether they are extra positive or even Hi Energy. For now I short Dec on the books @ 189.05 and 189.40 and waiting to see what Dec does when it takes over as Front Month. Giving it plenty of room with $2 stops but will be lowering them down quickly as soon as it gives me reason to do so.