If mkt plays trendlines or horizontal lines colored.
Part of experience I feel is putting option ideas in front of you when markets in despair to downside.
HOGS- LOCK AND LOAD if bullish. Not out of woods, early in week and some other things if looking for a turn. Risk stops appropriately placed. Feb- weakness at highs. Is bloom off Feb when or if we turn?
Hogs gave a rally early into green, orange depending on months. For those that buy 1st time down, these are scratch areas. The algo’s do anyway. Oct has a red 86.74 holding last two days. June August? Strength into LHQ currently. Too many little nuances, if you need levels that hold like today, see charts.
Also lesson- June Hogs 87.009 lime green and low is of the huge sequence and is holding.
Aug Live cattle- we got 100 point bounce off that TL as has been cited to interested clients. Feeders ditto, then new low. I have levels below if bottom fishing.
Alan Palmer