Live Cattle Feb 2017 continues to advance. It has met position 1, 2 and 3 of the Elliot Wave. It is coming close to the Cypher pattern and could move higher into a Butterfly, complete the Elliot Wave 4 and 5 positions. It is also in the 1/1 Gan Fan.
Above is a daily chart of the S&P since the beginning of its apogee phase.
Still short the S&P for next few days. Based on Fib time zones analysis and the current trend pattern we may hit 1863 on Monday then rebound or a more violent move down to 1803 on Monday (Feb 29) then a rebound.
Two Fib time zone patterns ...