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.
The Matrix updates the the progress of this trade as well 32 other markets. It also includes Intermarket analysis that includes market leadership and risk appetite, a true economic activity composite for the United States (EAC), and long-term concentration (cycles) and direction for U.S. stocks, bonds, and commodities. The later is important for long-term timing.
Those able to transcend that simplistic reasoning employed by traditional market analysis eventually recognize hidden order within what is often described as random walk or noise. Insight subscribers recognize this order as focusing and un-focusing of trends consistent with their fractal design. This rather long-winded explanation suggests that the phases of the cycle of accumulation and distribution, patterns which many describe as random, can be anticipated by the study of price, leverage, and force (REV).
Copper’s rally since the fall of 2016 was largely unexpected by the majority, but not the invisible hand.
Is there another market displaying a similar setup that copper displayed in 2016? The answer is yes. I will discuss this further as the trade evolves.