The Live Hogs (CME) has been in an uptrend for the past 6 days closing above the previous session's high quite significantly by 1.61%. The broader rally has unfolded over the past 19 days. Currently, the market is trading in a neutral position on our indicators but it is trading strongly higher up some 4.01% from the previous session low. Our projected target for closing resistance for the next session stands at 8737, we need to close above that target to imply a further advance. Failure to even exceed this intraday warns that the upward momentum is starting to decline. Moreover, a lower opening and a penetration of today's low of 8320 with a closing beneath this level would suggest today's high will stand temporarily. Our short-term Stochastics are turning downward warning that this rally is running out of steam. This market has exceeded the last cyclical high forged at 7882 which was 8 tradings days ago and closed above it pointing to a further advance is likely during the next session. This will be confirmed by opening above today's high. However, if the market closes back below the opening print, then we may have a temporary high in place. The projected resistance for a high in the next session will stand at 8732 and remaining below that level keeps the market in a normal projection range rather than a true breakout. At present, we see overhead projected resistance forming at 8872. Bear in mind that we have made a new high this week changing the Weekly Bearish Reversals once this week is concluded. Still, this is only a minor Bearish Reversal since we made a lower high. However, we have also made a new monthly high exceeding the previous month's high reaching 8592 which also means the immediate Monthly Bearish Reversals will change once this month is concluded. At present, the market remains bullish on the short-term levels of our indicators while the long-term trend is bullish and our cyclical strength is neutral. This market is also trading above the bank of eight moving average indicators also suggesting it is still above underlying support at this moment. However, an opening BELOW 8456 in the next session would warn that the high of this session may stand at least temporarily. 

Our short-term Stochastics are turning downward warning that this rally is running out of steam.

This market has exceeded the last cyclical high forged at 7882 which was 8 trading days ago and closed above it pointing to a further advance is likely during the next session. This will be confirmed by opening above today's high. However, if the market closes back below the opening print, then we may have a temporary high in place. The projected resistance for a high in the next session will stand at 8732 and remaining below that level keeps the market in a normal projection range rather than a true breakout. At present, we see overhead projected resistance forming at 8872. 

Bear in mind that we have made a new high this week changing the Weekly Bearish Reversals once this week is concluded. Still, this is only a minor Bearish Reversal since we made a lower high. However, we have also made a new monthly high exceeding the previous month's high reaching 8592 which also means the immediate Monthly Bearish Reversals will change once this month is concluded. 

We did close below the previous session's Intraday Projected Breakout Resistance indicator which was 8569 settling at 8342. Nevertheless, this market closed above the previous session's high warning it is not yet rolling over. The current Projected Breakout Resistance for this session was 8481 which we have now closed above suggesting the market is starting to possibly breakout to the upside if it can be maintained in the next trading session. The Projected Breakout Resistance indicator for the next session will be 8737. Since we have closed above today's number 8481, this implies a further rally in the next session if we at least open higher. We need to exceed intraday and close above 8737 to imply a continued rally beyond the next session. Only if you open back below 8481 or close below it then the rally is losing momentum. So, pay close attention to these projections for the next trading session. Remember, these are dynamic which will change with each session.