FC today is setting up a bearish flag. Downside target would be pivot at 148.400. Watching to see if end of market still shows flag. There is also a potential HS here.
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Flag held up today. Should see some slippage tomorrow.
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Feeder Cattle showing signs of tapping out with a bearish doji. Downside potential to R1 at 154.
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Feeders created at bearish flag on Friday. Lower today. Next downside target 148.425 at uptrend.
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A big head and shoulders may be forming on Feeder Cattle. Feeders fell from a bearish flag yesterday and into today. Next downside target is neckline at 148.400 from previous pivots.
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Feeder Cattle created an H&S and neckline broken. A bearish banner is being formed. Downside target 139.55 for full head drop.