Sunday, June 13, 2021

#Corn Review $CORN #ZC_F

Corn Review
Those that view the message of the market on a 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.

Subscriber Comments

Remember, corn's most recent energy build is nowhere near is as strong as May 28th.

Corn's DI was 45% on 5/28. It's 6% as of 6/11. A rally and distribution happened between 5/28 and 6/11. This is normal. The Reset took place 9 days ago. Anyone now saying it was a great Reset (after the fact) is lying. It was a Mid cycle Reset, because of corn's growing extension across the weekly and monthly time frame. If you bought the Reset, that's fine, but don't sell it as genius either. I wrote at the time, at least understand what you're buying. Mid cycle Resets are not as low risk as Early, or high as Late cycle. Please watch the Grains Review for further discussion.

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