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.
Anyone that follows the Matrix probably doesn't need me to tell them that the soybeans daily impulse is getting 'tired'. The daily time cycle (BuST) = 2.01. This tell us the current down impulse of 48 days is now greater than 95% of all observations. As previously discussed, this reading opens the door to an unexpected reversal.
An unexpected reversal in the daily doesn't mean the composite trend is ready to flip. Please watch the Soybean Report $200 for complete discussion. The report and updates discussed bottoming probabilities as far back as 10/09. The discussion still stands, and could prove to be highly insightful. It's all based on interpretations of the invisible hand.
The next reversal will take down both the arrogant and meek if not prepared.
Soybeans (Tertiary) Daily Trend
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