Feeder Cattle Spread Set Up Nicely For a Sell

The Feeder Cattle (V19-J20) calendar has increased the past 2 trading days and is now sitting on top of the channel created by its' 5-yr and 15-yr historical averages. This spread has profited 13 of the past 15 years when sold on 8/17 and bought on 8/26. The profit to draw-down ratio is strong at 159% while the best profit is nearly 4x the worst lass. On Friday, I will be selling the Feeder Cattle (V19-J20) calendar spread at or near the Thursday close with a limit of $1.425.