Soybeans' overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
I have had numerous conversations asking if soybeans are ready? I realize many believe, or want to believe they are. Some will push a weak position in hopes that it defies the odds. The Evolution of the Trade (EOT) tells us Triple Up is more powerful than Double. Double Up alignments are notoriously weak. While we all sing songs of powerful trade that defied the odds, but reality is filled with unsung experiences of frustration and pain. Frustration and pain often arise from pushing a weak position.
The Soybeans Report Update 11/15/21 talk about the position in great detail. Those that do not care about beans, are thinking who cares, but I guarantee this setup will be seen in other markets of interest eventually. The beauty of the EOT is repeatability for those that learn it.
Saying something is not ready is not the same as saying it will never be ready. Everything changes. This includes trends found in assets, nature, and, yes, even climate. If your interpretation assumes static conditions, you're likely selling a narrative.
If you're waiting for Triple Up, it could be awhile. The secondary (weekly) trend is well below 0, and will require weeks to restore. Beans weekly down impulse is 8 weeks and counting. Subscribers can track this in the Matrix without anyone's help. The latest Soybeans Report provides a historical timetable. Soybeans continuous contract has been trading without interruption since 1959.
Soybeans Secondary (Weekly) Trend
Clear your mind, and think independently.
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