Nothing to do with Hogs but as far as cycles go I've found that significant selloffs in SPX tend to run about 50-55 'trading days' from the last high with SPX. So far Friday's 'closing low' was only the 42nd trading day since the April 1st closing high. Not too scientific and nothing to do with Elliot stuff or Fib stuff but does seem early for a low in time. The market is very oversold and also very stretched out away from their 20emas. Plus the AAII Investor Sentiment Index is lopsidedly bearish with only 28% Bulls and 42% Bears. This does tell you a lot of bears are about to get trashed with that many on the bearish side of the boat. And DX backing off after being very overbought should help. Looks good for a descent rally but the short selloff doesn't fit with what I typically see.