Wednesday, August 18, 2021

#Wheat Review $WEAT #ZW_F

Wheat 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 bag holders of trend transitions.

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

Subscriber Comments

Wheat ETN


Try to resist the wheat run is over talk. A one-day decline after a nearly two week daily impulse rally doesn't change a lot.

The latest Soybean Review talks about wheat too. Wheat was never "cling to the back of a moving bus" chase. The mid-July energy build (DI = 70% and DI2 = -13%) has faded, but not completely dissipated into a blocking dome. Blocking domes are statistically significant bearish energy build inside a primary uptrend.

Wheat's Weekly Reversals


Wheat's rally is slowing as energy dissipates because it's facing a lot of overhead reversals. Reversals are supply/demand zones flagged by the computer. I'm not going to give way the farm to wheat's setup here, but patience is required.

If the recent decline is met with accumulating by the invisible hand, a rising DI and DI2, the bears are going to be surprised by what happens next. Stay tuned, DIs will be updated later in the week. Subscribers are always notified when DIs are updated on Friday.

Ignore the play-by-play crowd. They only encourage you to chase your tail when you should be calm and professional.

Follow me on Twitter or Facebook for further discussion.

----------------------------------

Market-driven money flow, trend, and intermarket analysis is provided by an Access Key.