December Lean Hogs Mutiple setups

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.
Oct 09
Comment: 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
Oct 11
Comment: Hogs breaks through H&S neckline. Target S2 at 53.425, then 52.00
Oct 11
Comment: Hog index now stalling at 69.36
Oct 16
Comment: 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.
Oct 18
Comment: Hogs below neckline to start the day. Target S3 at 51.425
@hopscotch Hi, do you have any thoughts on reversal in ZS? Tnx
Pandorra hopscotch
@hopscotch, Tnx. Is it preparing for bullish setup, or still down?
hopscotch Pandorra
@Pandorra, crossing 20 day MA and staying below will give you an indication. If it does it might be in three drives scenario with further move down in another month. If Pivot can support, then it might rise up. There is a USDA report coming Thursday, so if you don't like trading down, you might want to wait to see what they say. Most analyst won't do much trading until the report is released, so it might just trail downards a little at a time until tomorrow. I think the report comes out at the end of day.
Pandorra hopscotch
@hopscotch, ok, thx
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