The apex of yesterday’s thrust fell just shy of a Hidden Pivot at 1083.00, but the futures should have little trouble getting there this morning. If they blow past the resistance, look for the rally to reach a minimum 1093.50. You can try shorting there with a stop-loss as tight as three ticks. ______ UPDATE: With 22 minutes to go in the session, it looks as though the hogs are going to wallow their way to the 1093.50 target after all. The so-far high at 1089.75 represents a 12-point rally from the bear-trap low recorded an hour into the day. Shorts are no longer recommended, since we don’t like to open positions minutes before the close.
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