Sunday, April 25, 2021

#Corn Review $CORN #ZC_F

Corn Review
Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bagholders of trend transitions.

Corn's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.

Corn Daily

Weeks ago I warned subscribers and readers not to underestimate corn. I do not remind you of this statement as a means of pounding my chest. This is a professional game that makes everyone, even those using professional trading discipline such as the Evolution of the Trade, look bad. Play corn by the numbers, and by that, I mean follow the cycles.

Every asset breathes within the primary trend. A pause or profit-taking point is coming, so how do we recognize it? Use the Matrix. You're not subscribing because I'm an excellent writer (not even close), or a skilled speaker or video creator. You subscribe to follow the cycles across the three time frames. A pause will come when the daily and weekly cycles show extreme extension. Look for red numbers in Daily and Weekly BuS and BuST columns. I watch them daily. Extreme daily BuS and/or BuST will slow the rally.

Extreme bearish energy builds, a Corn DI well below -60%, will also slow the rally. They're called blocking domes.

Reversals and geometric price targets also represent profit-taking zones. Use the Reversal tab in the Matrix. It tracks the Corn ETN ($CORN). The Corn ETN is not the continuous contract, but reversals zones for it generally translate into reversal zones in the continuous contract. I posted the weekly CORN reversal chart for subscribers below. Watch price slam on the break when it reaches these overhead reversals (resistance).

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