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.
Soybeans' overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
Your system shows a nice setup on soybeans, no?
From a purely technical standpoint, I am incredibly bullish and adding to my position. I think we could rally strong from here into year end.
Primary trend is up, and we know the energy build (DI & DI2) continue to uptick above 0%. If the daily resets, the next Reset in the Evolution of the Trade (EOT) will be Mid cycle again. Followers of the EOT will be faced with the difficult choice of escalating the core under Mid Cycle, or watching while holding the core long position. Jumping in and out of the trend carries risk.
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