or just a system check as the launching pad is not quite complete or up to standard construction qualifications. Needs to build a solid foundation with 1 more drop back down to fully retest support at 74.00 to give it 2 solid base legs to create the BOUNCE energy it takes to get it to break through gravity(resistance) at 80.00. If we get that second supporting base leg for the spring board energy-------I sure wouldn't want to step in front of this rocket at potential 82.00 resistance because the launching pad will be built to have the boosters kick in at 80.00 to get it past the gravity zone with a target destination of 84.00-86.00. There's also a potential Time & Price squaring target at 84.00 during the May 14th-May 20th cycle count that will either be a cycle low or cycle high.

A cycle low in the 73-75 area would give me a heads up that the launching pad is being completed and June hogs may not get all of the benefit from the launch. If it's a cycle high at the 84.00 area, the launch has taken place and the space mission will not be complete(at least) until one of the front months fills the weekly gap at 86.50 but at that point there may be reason to fully extend back up to the 90.00-95.00 balance zone of last Aug through Nov. If the thought of China needing pork turns to reality, 90-95 will happen very quickly. My weekly chart bounce lines have a 1st target at 82-84 for the mid May to Mid June time frame and a 2nd potential target at 87-94 for the July-Oct time frame. How and what areas of this space is filled in during the next 3 months will give some clues for what happens between July and Oct.

One thing I've learned over the years, is that bounce lines are like magnets, it may take awhile but when the switch is turned on and IT WILL be turned on-------the magnetic force will not be denied the target kiss. In simple terms the bounce line targets will get hit and they have Time and Price guidelines to live by to make it happen. I have to believe the gap filling target is a DONE DEAL for 1 of the summer contracts while it is front month. What they do before that doesn't count on the weekly chart. My trade focus is tilted for the surprise up move that is not backed by the fundamental thought. The fundamental thought backing, will happen after 50-60% of the move has already happened.