April Hogs Three Drives Bullish Cypher

Dec 28, 2017

April Hogs has created a bearish flag and top of a bearish three drives. Need confirmation before taking an interest in this bearish scenario. We have seen a fight with bulls and bears in the past week keeping hogs high. It happened again today. Index once again fell, so the logical action would be to sell, but when have futures been logical. Bears have been very active with more sells than buys, but funds supporting further highs. Hog inventories 2% higher at this time last year. If bears can push this down off of bearish flag tomorrow target is 73.425 at pivot

Dec 29, 2017

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Hogs ended the day with a shooting star doji. Spent most of the day trying to climb, but was forced down again with sells and ended bearish. Index fell again today. We will see what Tuesday brings. R2 at 76.675 now becomes resistance and overhead.

Jan 2, 2018

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Hogs went bearish today as index continues to drop. Downside target last pivot at 73.425

Jan 2, 2018

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These are your new pivot areas.



New pivot 74.250

Jan 4, 2018

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Hogs trying to make another move higher. Broke through R1 at 75. Next upside target is R2 at 77.55.

Jan 5, 2018

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Hog Index 63.63 and rising. Still far below market.

Jan 9, 2018

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Hogs still bullish inspite of trade today. looking for 78

Jan 9, 2018

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Hog index increasing rapidly now up to 65.65

Jan 11, 2018

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Well, well, well, hogs finally fell. Target is S1 at 70.950. Index keeps rising dramatically and at some point will meet. Hog index now at 67.28. There is an uptrend on hogs that needs to be broken for more downside. Trend comes at just above S1.

Jan 12, 2018

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Hogs Friday bounce. Still expect further downside to trend. Index now 68.46. Everything should cross over around 71.

Jan 12, 2018

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Jan 17, 2018

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Hogs rebounded off pivot . Index now at 71.15 and rapidly approaching market. It might turn into what it did last year with market and index even with each other and a lot of up and down horizontal moves.

Jan 18, 2018

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Hogs couldn't make trend, but is forming a small H&S, however, index was again up sharply. Index will overtake the market and looks like it is heading for 80. A bullish sign was created today. Have to see if sellers come out Friday to move hogs down more before going up, or a major up move happens. Hogs has never hit full RSI and just hangs around 65.

Jan 22, 2018

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Hogs falling off of H&S heading for pivot at 74.250. Index is slowing down at 73.67

Jan 23, 2018

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Index came down a little and hogs fell to form last shoulder of H&S. Hit uptrend. Waiting to see if this is a continuation uptrend or fall back to pivot.

Jan 29, 2018

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Index still flat and no significant change. See Hogs dropping to at least 72.050. Touched uptrend line today. The overall view is up. There is still a bullish Cypher here.

Jan 30, 2018

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Hogs fell off of H&S two days ago. Looking for support at 72. Index still stable. Bullish Cypher still in play.

Feb 6, 2018

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Hogs still looking bearish. Downside target 71. Index up slightly to 74.10

Feb 6, 2018

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Hogs hit 71 and then some. RSI is very close. Index rose to 74.48. Might see another down day. Had outside target at 69. Not sure it will hit that although that is S2. Have to wait and see.

Feb 7, 2018

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Hogs very close to initial target of 68.150. Index has moved up again slightly to 74.84. RSI oversold. We might see a bump up in the next two days. Double bottom at 65.50 possible, but that would put the market way out of R3.