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Hogs *PIC*

Moving up into the high aggregate could produce a swing high here...it could whittle away with some of these green lines...still

Chart Text - Daily
The Live Hogs (CME) has been in an uptrend for the past 2 days closing above the previous session's high quite significantly by 1.06%. The broader rally has peaked with the
last high established at 9135 back on 11/17 11 days ago. We did elect 3 Bearish Reversals from this high. Clearly, this high was formed after a rally of 9 days.
Currently, the market is trading in a neutral position on our indicators but it is trading strongly higher up some 6.84% from the previous session low. Our projected target for
closing resistance for the next session stands at 9399. We need to close above that projection target to keep the upward advance in motion. Our Stochastics are also turning
upward but are still not in a full bullish position warning the momentum is not exceptionally strong.
Bear in mind that we have made a new low this week changing the Weekly Bullish Reversals once this week is concluded. Still, this is important since this last low penetrated
the previous low thereby this set of Bearish Reversals is more significant.
At present, the market remains bullish on the short-term levels of our indicators while the long-term trend and cyclical strength are bullish. At this instant, the market
remains within our trading envelope in a bullish position.
This market is also trading mostly above the bank of eight moving average indicators suggesting it remains in a mixed posture for now.
This market still has not yet exceeded the last key high of 9135 established back on 11/17. However, an opening BELOW 8948 in the next session would warn that the high of
this session may stand at least temporarily.
We did close above the previous session's Projected Resistance indicator on Thu. 1st which was 8612 settling previously at 8920. Our projected breakout resistance is well
above the market by 5.04% standing at 9522. However, the Projected Breakout Resistance indicator for the next session will be 9399, which is still above the current closing.
Normally, when you open back above this pivot number or closed back above it then the rally may resume. So, watch this number which is dynamic for it changes with each
session.
Intraday Projected Breakout Resistance
Today...... 9522
Previous... 8612
Tomorrow... 9399
During the last session, we did close above the previous session's Intraday Crash Mode support indicator which was 8288 settling at 8920. The current Crash Mode support for
this session was 8412 which we closed above at this time. The Intraday Crash indicator for the next session will be 8814. Now we have been holding above this indicator in
the current trading session, and it resides lower for the next session. If the market opens above this number and holds above it intraday, then we are consolidating. Prevailing
above this session's low will be important to indicate the market is in fact holding. However, a break of this session's low of 8840 and a closing below that will warn of a
continued decline remains possible. The Secondary Intraday Crash Mode support lies at 7885 which we are trading above at this time. A breach of this level with a closing
below will signal a sharp decline is possible.
Intraday Projected Crash Mode Points
Today...... 8412
Previous... 8288
Tomorrow... 8814
NEXT OPEN COMMENT
Utilizing our broader cyclical models, the market is still in a positi

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