Friday, September 17, 2021

#Soybeans Review $SOYB #ZS_F

Soybeans 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.

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

Subscriber Comments

Soybean ETN

A trading range in price should be matched with a trading range in the ProIndex (see Soybeans ProIndex Below). The ProIndex (bright red line), a measure of professional buying and selling in $SOYB, has broken to a new relative low. The breakdown generates a bearish divergence against price. This should concern the bulls, because the ProIndex often leads, and generally confirms price.

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