Live Cattle Bear Calendar Spread
We're coming off of two up days on decent volume. As I point out on the chart, the stochastics crossed 2 days ago in over sold territory and are both pointing up. Right now the spread has hit resistance at the 9 day EMA. The trade is to buy the spread as it crosses that line so I'll be looking for +/- $3.400 tomorrow morning with the next resistance up around 4.500. This trade is $816 margin and has been profitable between Feb. 1 and March 26 for the last 14 of 15 years.
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