JimFred
Short

Feeders monthly chart is poised to breakdown

CME:GF1!   FEEDER CATTLE FUTURES
87 5 3
Feeders monthly has reached the top of a fibonacci accordion. It is poised for a break, imho...
This screenshot does not accurately reflect my screen. Put an accordion on your monthly chart and you will see that the recent high exactly hit the top of the accordion...
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LEONES PRO JimFred
lets' sell this feederbe before the slaughter!
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what goes up must come down at some point and the break in this one will be hard
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Amazingly, this one broke through resistance. The next likely top is ~ 237, with a likely turn in Feb 2015. I reversed to long.
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Olu JimFred
You are right. I changed my mind as well bu forgot to come and feedback here. I think we are doing the 5th EW move here and still has a lot of room and intention to go up. I also agree that this move up can be bought and once that top is in the fall shouldl be hard
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