Special Update, Live Cattle, April vs June

Live Cattle

April Cattle closed below 195.50 (38.2%) on Friday another close below it will turn the long term trend negative. This is why we are looking at June Cattle for any added guidance on this possible trend change.

The 38.2% level is the single most important retracement and is the level we use for the "Golden Rule". This rule being, " any market that is going to keep its current trend must hold 38.2%". As long as it does the trend will continue and it should make new highs/lows from that retracement.

With a second close below 195.50 you can look for the short and long term targets put in the last update. Getting right back above it on Tuesday can send this market back to the high and more per the ONE44 38.2% rule. As always we will watch all the retracements on every move to see just how strong, or weak the market is. The short term target area is now the 203.88 major Gann square and 78.6% back to the 1/28/25 high at 204.70. Any rally that can't get above 38.2% of the same move would be a negative sign and a new low can quickly follow, especially coming from a much bigger 38.2% level below.

Here is a look at where June is in comparison,