searching for the high. What a Golden Acorn I managed to pick up. I wasn't expecting this type of move until Oct, maybe there won't be anything left for the Oct contract except for a retest or slightly higher. I did add more longs yesterday @ 176.60 with next target expected to kiss the 180-181 area. I had been preaching for some time that the positive cycles in June had the cattle market written in their DNA. Way more than I even expected.
A lot of the positive energy could be dissipating by the time we get to the 12th-14th time frame where I expect the high to be put in ahead of the New Moon Cycle. I'm undecided whether to expect June to give a Double Top retest for the last days of June. I am expecting the August contract to have a larger backfill than June had. The 5 month cycle low rotation is due in mid Aug but it can happen a month early. Now I have to worry about the Swelled Head Syndrome setting in------cause the markets giveth and the markets taketh away.