for April hogs losing the grip on upward momentum, are beginning to say, "get your short positions on". It may open a sink hole quickly or fool around until the end of week to try and push it back up to the topside before it falls to the 65.00-66.00 projected target. My south end lines were hit @ 69.10 and deposits made @ 68.70 & 68.50. I would prefer it bounced back up to 69.10 so I can sell it again but a daily close below 68.50 triggers a sell signal for me that I will have to respect by putting a short back on with more risk than I desire.
The rollover is setting up, so a knee jerk back up to kiss the 9 day moving average as it crosses below the 20 day is the common practice but not written in stone.