Hogs moving into a potential Bearish Gartley pattern. RSI is coming to a high point at R2 59.900. Resistance comes at 62.900 just under R3. Possible entry previous pivot at 61.375 for reversal. Hog index is falling and is now at 54.21.
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Hogs on the down move of the Gartley. Now passing through pivot at 53.675. Next target S1 at 49.825
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Hogs fell through the pivot and S1, now heading for S2 double bottom. Index is at 46.65 and falling.
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New pivots for Hogs. Waiting to see if this market starts up again.
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Hogs failing on an up tick swing. Hog index rising supporting lows below 47. R1 at 57.050 becoming difficult resistance.
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Hogs continue higher heading towards 59.800
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Major downtrend line. Will see if this breaks that.
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Hogs broke the downtrend line, but is also overbought. We still may see a climb to 62.
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May even take a run at 64.250 at R3
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Hogs showing reversal. May drop to R2 at 59.800 back to RSI trend line. Index is now at 57.400
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Hogs still trying to climb as Index is just underneath at 62. RSI overbought. Today was a negative day, but bulls may try for another run.