The Feeder Cattle (CME) Futures made a new low today. Nevertheless, this market has not yet
breached our underlying system support levels. Interestingly, this market opened higher making a
new low down 0.82% under the previous low which was a sharp decline and then closed below that
the previous low dropping significantly for the second consecutive time by 3.06% from the previous
session's high. This does warn strongly that this market is vulnerable to a entering a potential crash
mode. Our projected support for tomorrow lies at 24210 and a break of that level can set in motion
a panic to the downside where extreme support lies at 24041. Hence, pay close attention at this
time.

We did close below the previous session's Intraday Crash Mode support indicator at 24921 settling at
24537 which alerted us to a further decline was likely going into the instant session. The immediate
Crash Mode support for this current session was 24238 which we have now closed back above
suggesting the crash is subsiding. The Intraday Crash indicator for the next session will be 24041.
Now since we closed back above this indicator in the current trading session, then holding above this
indicator for the next session will imply the decline is subsiding. The Secondary Intraday Crash Mode
support lies at 23084 which we are trading above at this time. A breach of this level with a closing
below will signal that a sharp decline is possible.

Intraday Projected Crash Mode Points
Today...... 24238
Previous... 24921
Tomorrow... 24041

This market has declined for 5 trading days since the last high established at 25385 from which we
have witnessed a decline of 4.41%. In the process, we have elected four Daily Bearish Reversals.
Thus far, we have a serious crash in motion for the past twenty-one trading sessions.

Granted, this decline has penetrated the previous key cycle low established at 24822 and it is
sharply lower by 8.73% from the last high made 09/21. This type of pattern warns we are in the
throes of a near-term correction which is rather serious at this moment.

Interestingly, this market has dropped for several days and closed below the previous low warning
that the market is still vulnerable. The projected extreme target support for tomorrow lies at 23903
which needs to hold on a closing basis to imply a bounce can form thereafter.

Up to this moment in time, the market remains bearish on the short-term levels of our indicators
while the long-term trend and cyclical strength are bearish. 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 has technically broken through the bottom of our projected envelope of support at
24439 warning this decline has been rather reasonable down 8.64% from the high made 09/21. We
have elected all four Bearish Reversals from that high showing weakness.

The Projected Breakout Resistance indicator resides at 24624 which we are already exceeded
intraday but the market closed below it as of this session's closing at 24305 Still, this typically
implies that this market will rally to test overhead resistance if we exceed that level again intraday

Intraday Projected Breakout Resistance
Today...... 25055
Previous... 25348
Tomorrow... 24624

This market is getting close to a Price meets Time...if one of the red lines can hold and bounce off of it on Oct 26th