Those that view the message of the market on 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.
Will soybeans follow corn down? The Matrix shows bean's trend as:
Soybeans DI
Soybeans trend is Mid-C (Mid cycle alignment driven by the weekly trend) and 17 days old. The time to be extremely bearish (short) soybeans was 14-17 days ago. With that said, should the bulls be nervous? Yes. Soybeans DI = -84%, a strong bearish setup/blocking dome. A strong bearish setup warned corn bulls months ago. While not enough traders/farmers read the Matrix, it doesn't matter if they claim ignorance or not. The invisible hand always wins. Don't fight it. If you're bullish soybeans, because everyone else is, it's time to stand aside.
Soybeans DI
