Tuesday, September 7, 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 bag holders 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

Corn's DI moved above 60% on 3/17/20 (DI & DI2 = 78% and 12%). $CORN, the ETN tracker used on the Matrix, was 13. It bottomed 10 weeks later on 05/19/20 at 11.89. DI and DI2 were 80% and 50% at the bottom.

What's the point? DI builds are processes. Corn's current DI build is 62% and 33%. The bears are screaming for a crash, and the bulls are hopeful that a rally can continue despite a weekly time cycle (BuST) of 2.17.

Everyone is running to throw out downside targets, but few understand the setup unfolding.

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