A good strong break of a longer time frame trendline and the 200 day SMA also came in close to that break. A nice retracement back to a key level and then closed lower.
I am short at this level. Looks like it's starting the next leg down. 12.50 area may offer some support but it looks great so far.
April Live Cattle triggered a short for me after the gap down in the 134 area.
I like the way it's behaving. In the last couple sessions, it has broken down below the short- term uptrend line after a clean touch on the longer- term downtrend line.
