The Cattle Futures (CME) 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 0.28% under the previous
low which was a sharp decline and then closed below that the previous low falling again by 1.48% from the
previous session's high. Here, the last cyclical low established at 18425 on 10/11 has not been broken. A break of
this previous cyclical low will signal a decline ahead.

We did close below the previous session's Intraday Crash Mode support indicator at 18623 settling at 18530 which
alerted us to a further decline was likely going into the instant session. The immediate Crash Mode support for this
current session was 18416 which we have now closed back above suggesting the crash is subsiding. The Intraday
Crash indicator for the next session will be 18368. 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 17781 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...... 18416
Previous... 18623
Tomorrow... 18368

This market has declined for 5 trading days since the last high established at 18812 from which we have witnessed
a decline of 1.96%. In the process, we have elected two Daily Bearish Reversals. Thus far, we have a serious crash
in play for five trading sessions.

Keep in mind, this correction has not penetrated the last cycle low established at 18425 seven days ago making
this a retest of that previous low rather than a change in trend so far. Currently, this market remains above the
technical uptrend support which lies at 18444 and a break of that level would signal a sharper decline ahead
becomes possible so watch the Reversals and turning points.

Currently, the market remains bearish on the short-term levels of our indicators while the long-term trend is
bearish and our cyclical strength is neutral. This market is also trading mostly above the bank of eight moving
average indicators suggesting it remains in a mixed posture for now. The market is trading within our envelope
albeit skewed to the bearish side.

We did close below the previous session's Intraday Projected Breakout Resistance indicator which was 18833 settling
at 18530 gesturing that the market is not in a breakout mode at that precise moment. The current Projected
Breakout Resistance for this session was 18769 which we still closed below. The Projected Breakout Resistance
indicator for the next session will be 18627. Now this immediate indicator in the current trading session is above
the current close offering projected resistance. Therefore, we either must open above it and hold or close above it
to imply the rally is still in play. Otherwise, failure to exceed 18627 during the next session warns the upward
momentum may be lost and a retest of support becomes possible.

Intraday Projected Breakout Resistance
Today...... 18769
Previous... 18833
Tomorrow... 18627