I'm also looking at a textbook ABC correction on the 60 minute chart that will have perfection @ 83.47. Perfection doesn't happen very often, todays undershoot or an overshoot tomorrow to 82.70 a 61.8% correction of the $10 rally should produce a reaction back up. Needs to get back above 87.00 to grab UP momentum. I have too many ducks lined up to pass on a bottom picking attempt. I'm not crazy about buying Aug but my track record with expiration trade for front month is not very good but I do have 1 week left to trade it. The hog market has no problem with a 3-5 dollar move in 1 week. If we get a ho-hum report, hogs don't have much choice but to pop back up again. That's just my hallucination at this time-----we'll find out next week if it turn into reality.