There's a pretty good chance we'll see a rally in... [drum roll please] Hogs. What? Hogs? Really? Yep, Hogs.
Yes, I know we're up against long term resistance from March of this year and August of last, but prices have also "normalized" enough that long term support is coming into play again. And with Wendy's restaurants delicious Baconator sandwiches there's only one place this market CAN go.
Okay, the hamburger remark was a bit of a stretch, but technically speaking, the trend is up, we've had two tests of the highs without significant retracements on either bounce; therefore there must be some buying pressure lurking nearby. Personally I'll be looking for another chance to buy - at least short term - but right now I've got to go to Wendy's. I've made myself hungry.
Erich