October Feeder Cattle’s Retracement from its December 2, 2014 hi of 235.00 to the February 25,2015 low of 195.00 created an inverted cup and handle formation. The retracement reached a high of 223.40, which is between the 61.8 and 78.6 retracement levels, 219.72 and 226.44 respectively. The penetration of the support trendline sets up an objective to the 180.00 area. Today’s trade has created a gap from Friday’s limit down close to today’s early high of 196.475. I look to sell a rally in Feeder Cattle with the objective as my goal. Place stops appropriate to your risk tolerances or Feeder Cattle getting above the trendline.