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.