MURICO.com Forum

Live Cattle Daily *PIC*

Looks to me like sideways with an upside bias...

Our key target was Fri. 8th, that is reinforced by also a Directional Change Target. However, we also see that there is another Directional Change due in the next session and then the session thereafter warning this is a choppy period ahead given that the previous Daily session of Thu. 7th was a high and also closed strong above the former high with the opposite trend implied thereafter into Tue. 12th (NOTE: this can be intraday or on a closing basis).

The strongest target in the Daily array is Thu. 21st for a turning point ahead, at least on a closing basis. There are 5 Daily Directional Change targets starting from Fri. 8th to Mon. 25th, warning of a potential choppy swing period for these few Days. We also see a convergence in the Array with both the Directional Change and Panic Cycle lining up for the same target of Mon. 25th. This intensifies the importance of this target as an event on the horizon. Don't forget, a Directional Change can also be a sharp dramatic move in the same direction, not just a change in direction. It does appear we have a choppy period starting Thu. 14th until Thu. 21st with each target producing the opposite direction for that 6-day period.