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 bagholders of trend transitions.
ALIGNMENT (Price & Volume)
Teucrium Wheat (NYSE:WEAT)'s composite trend (Up, Down, Down) is consolidation. The primary trend has been down for 11 months. 11 months generates a BrST = 0.31. This places the trade into the early Primary Trend Decline.
ENERGY (Diffusion Index)
Wheat's leverage profile (WA, DI, DI2) is 11%, 35%, 19%. This combination defines a quiet market within a moderate bullish but not statistically significant energy build. The quiet market suggests some sort a move is coming. Up or down?
Participation (ProIndex)
Wheat's ProIndex has been following price but remains range-bound. A break to new lows would favor the continuation of the decline. A close above the recent swing high favors continuation of consolidation that could reverse the primary trend.