|Lean Hogs Review|
Lean Hogs' overall trend, revealed by trends of price, leverage, and time, defined and are discussed in The Matrix for subscribers.
Bearish news of out China had traders saying technicals didn't matter because the fundamentals were dire. Maybe they're both dire, but the invisible hand threw up a blocking dome as price skyrocketed to 90+. Blocking domes, whether these form in lean hogs, corn, or soybeans cannot be ignored. Price reached a weekly high 92.75 on May 15. Today it stands at 72.125 - lower intra-week. The blocking dome has been relieved, so traders stance is relatively neutral. Does this mean the rally is over? No. Once the blocking dome is relieved (erased), the invisible hand can start accumulating. It hasn't done that yet, so wait for it.
Lean Hogs' DI
Follow me on Twitter or facebook for further discussion.
Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.