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.
Soybeans' daily price and time cycles are 0.4 and 1.70. 1.70 is colored red in the Matrix as a warning that the daily cycle is getting old. The higher the number goes, especially above 2, the older (more unstable) the daily impulse becomes. Instability is a precursor of trend reversals in all markets. Soybeans Report provides a detailed discussion of beans. It was last updated on 10/17.
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