Corn's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
A few weeks ago, I asked what price level makes the bears nervous? The relatively strong bullish energy build, not the strongest in the grain complex (seriously!), warned the bears were skating on thin ice (see DI chart below). That question didn't go over too well, at least with the bears. Fast-forward a few weeks, the bears are retreating into silence as price slowly jumps the creek.
Corn Reset (R) 7 days ago. The Reset was Mid cycle because the invisible hand is not dealt with the weekly trend yet. That's an intemediate term problem, but the long term database tells us the cycles can be stretched even further.
Please continue tracking corn in the Matrix. There's no play after a market generates a Reset (R). Please click the Geo Forecast link in the Matrix (Trends Tab) and enter the highs and lows defined by the coil above (green line). It generates targets for this move.
Corn DI Bullish EB Highlighted White
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