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.
Wheat's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
Did you notice how rally caught the majority flat-footed? Wheat, like Live Cattle, is heavily dominated by Commercial positioning. Notice the white highlight boxes before the rally? White highlight boxes, while the primary trend is up, are powerful setups.
Wheat DI Modified
With that said, wheat's composite cycle score (x̅) is 1.51. Anything above 1 is dangerous. The Report discusses timing of the next consolidation, cause building, and Reset (R). It will be updated when there's something important to communicate.
Wheat Report 11/01/21 $200 (Click here to view it)
Content: Wheat might be the dark horse of the grains complex.
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