Empiece
hopscotch

December Lean Hogs Mutiple setups

Largo
Lean Hog Futures (Dec 2018) (CME:HEZ2018)  
hopscotch Actualizado   
CME:HEZ2018   Lean Hog Futures (Dec 2018)
Pivot Points Head and Shoulders Elliott Wave
2
5
pivotpoints headandshoulders elliottwaves
Dec Hogs took a run at the ever increasing index now at 69.31 for the Oct contract. This appears to be heading for a double top. We have a few things developing for Dec. In short term a possible head and shoulders bring it down to S2. In long term we have a Elliot Wave in its 3rd position. New Pivots have formed for the month of October. If this market explodes further upwards we would be heading for a double top at 66 for Dec.
Comentarios:
Hogs still within the mini H&S. Now below the 20 day MA. Still needs to break neckline for it to move to S2 at 53.425
Comentarios:
Hogs breaks through H&S neckline. Target S2 at 53.425, then 52.00
Comentarios:
Hog index now stalling at 69.36
Comentarios:
Hog Index dropping to 68 and prices for Dec are finding resistance at R1. H&S may expand outwards and still have another potential drop.
Comentarios:
Hogs below neckline to start the day. Target S3 at 51.425
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