7/14/17 was down $-0.29 and the model projects that the CME LEAN HOG component on Friday's kill will drop between -0.10 and -0.40. This will be two days in a row that the component has been down. Perhaps we are now starting the long awaited post holiday down trend in the Index

And what a down trend traders are expecting!

They have opened the "Gap" to a -12.77 with the futures at a discount to the component. That seems like a very wide "Gap" to me. It is possible that some "Big Dogs" have let the price drop to scare producers into hedging and the QQQs will now rally and strip the producers of some margin.

I'm still long that lone QQQ pig.

Best wishes,

dhm