“Meditation on inevitable death should be performed daily.
Every day when one’s body and mind are at peace, one should meditate upon being ripped apart by arrows, rifles, spears and swords, being carried away by surging waves, being thrown into the midst of a great fire, being struck by lightning, being shaken to death by a great earthquake, falling from thousand-foot cliffs, dying of disease or committing seppuku at the death of one’s master.
And every day without fail one should consider himself as dead”
– Yamamoto Tsunetomo, Hagakure: The Book of the Samurai
Holding onto support on the rising angle, trying to make a Buy Signal but selling into that strength again.
Very much within the chopshop zone oscillating between support and resistance, and on reflection waiting for the next catalyst.
The market continues to wind and coil in a strong triangulation pattern building a significant squeeze which when released will produce a dramatic movement (either up or down) and although the momentum (and risk) at the moment seems negative, the T volume oscillator is still hinting at a positive outcome.
Be prepared for whatever comes next:
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Disclaimer: This is the diary of a personal trading system, its methodology and the signals that it is producing. You are welcome to follow along but please understand that the information presented here is for educational purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.