December Live cattle
has formed a tombstone today suggesting an end to upward movement. Struggled to make higher highs. Still watching for a double top
at 104.800, which may not produce anything. Short term bearish butterfly
forming. Market doesn't want to go down and doesn't want to go up. Initially did a double top
at 103.625. This may be the turn down. Also could walk itself up to 104.800, then turn. A lot of sells were appearing near 104 today.