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.
Soybeans' overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
Investing, trading, production is a difficult business that requires a detailed understanding of support and resistance that's consistent across all assets. The chatter in the grains (includes nearly all markets) reveals almost a complete lack of understanding of supply and demand. Supply and demand is defined, not by swing highs and low, but rather where all the buy and sell order lie. NYSE specialists understand supply and demand, because they can, or used to see where the orders lie. We find them today by letting the computer finding active supply and demand that overwhelm standing orders and force price gaps across the daily, weekly, and months trends.
The slowing of the soybeans rally has confused the bulls and enticed the bears. Frankly, we don't care what either believe. All we care about is where do the reversals lie, and how much energy exists to break through them. Why has the soybeans rally slowed?
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