MURICO.com Forum

Hogs energy *PIC*

Indicating Ranges are still bearish...with neutral on the cyclical strength. The Energy is pretty red...never seen it that low...that should indicate that there will be a sharp move up in the near future. I don't think I would ride this one down if I were long...but that is just me. I'm still riding a long corn though so go figure...

Weekly looks like a correction could happen.

The Energy Model is a unique measurement of how much “energy” (strength/weakness) remains in a market’s current price movement by assessing the relative push/pull force between the “bulls” and “bears”, illustrating the degree to which a market may be reaching its maximum entropy from potentially overbought or oversold conditions.