with the hog market, always has an open door for a quick 2-3 week reversal move under the right circumstances and then revert back to the previous direction. We also have witnessed many past $5 range bound sideways movements for 4-6 weeks while it is buying time to decide which direction it really wants to go. I have noticed the past year, that the hog market has been favoring the directional moves using roughly a 30 day swing cycle. Oct hogs put in a swing cycle low on Aug 4th @ 57.57 and then found a 6.27 sideways rally into Sept 1st, just shy of 30 days
On Sept 2nd it triggered the next sell signal. Today after 20 days the $10 move was completed along with a 3 week cycle that could give us another 6 days of bottom basing in a 2-3 dollar range into Oct 1st that will either trigger a sideways reversal rally of 5-6 dollars for 3-4 weeks-------or another $5 extension lower. I favor a 5-6 dollar sideways reversal for 3-4 weeks---------but I will also be prepared for a $5 extension lower, if that's the game the market wants to play. Either way, it probably won't be an easy ride.
That 30 day swing cycle might be to obvious now and decide to give us a Change Up to make the guesses more difficult for cycle riders such as myself.