southside406
Long

Buy July Hogs - Sell April Hogs 13/15 yrs. avg profit $892

This spread has a history of returning an average of $892 if placed on 12-26 and held until 2-12 of the following year, 87% of the last 15 years. An Elliot Wave can be drawn on this a few different ways. The green pattern shows that we could be in the ABC retracement right now and would advise to stay on the sidelines. But the case could be made that a new wave (red) started back on 11-14-14, which would leave us in the retracement of the fourth wave, preparing for a surge up to the 5th point.
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