June lean hogs… ready for next decline or a bit higher????

June lean hogs look to have two scenarios that are possible 

The first is another leg lower in a c wave that could move as low as 110 . I'll be watching for A break of 12147 as this is the current b wave…

Scenario 2 - is that we move a bit higher to the 130 area before we resume the correction in a 5 wave decline. 

 What I would like to see:

The best case scenario would be a push higher to the 130 area as this would be enough for a 3-3-and a final wave 5 down to the 110-115 price target to complete the flat wave 4.