The hog traders, having short-squeezed as much of a rally as they can get away with on an eventless Sunday night, have leveled off the futures at +5.00 points around 1 a.m. EST.  Presumably, they are waiting for the microspeck of good news that would allow them to double the power of the squeeze; but if none comes, expect to see the futures ease lower between now and Monday’s opening. There are too many downside targets to choose from for high-odds bottom-fishing, but I’d pick 1074.25 if someone held a gun to  my head. FYI, pivoteers: A=1138.25 (15m, Jan 21); B=1101.00,C=1111.50. Shorting with the trend looks like it will be very difficult, since bears are already mildly on the ropes of the minor (up)trend. _______ UPDATE (3:13 a.m.): Drop down to the two-minute chart to find the 1099.75 target that has coaxed the futures still higher. (A=1090.50, from Friday.) The futures have gotten with a tick of it, but there are no handholds on the lesser charts for forecasting anything higher, so I won’t try.