Often times it can be financially beneficial to find confirming indicators, per long-term trends. Back in 2008, once Cattle Futures broke key support, Cattle and the S&P 500 declined rather sharply.
CLICK ON CHART TO ENLARGE
Of late a support line dating back to the 2009 lows in Cattle futures was broken. When did the S&P 500 index start reflecting the majority of tis downside momentum recently? At the same time Cattle futures broke support!
