When the child was a child,
It was the time for these questions:
Why am I me, and why not you?
Why am I here, and why not there?
When did time begin, and where does space end?
Is life under the sun not just a dream?
Is what I see and hear and smell
not just an illusion of a world before the world?
Given the facts of evil and people.
does evil really exist?
How can it be that I, who I am,
didn’t exist before I came to be,
and that, someday, I, who I am,
will no longer be who I am?
Peter Handke, Songs of Childhood, from the film: 'Wings of Desire', Dir: Wim Wenders (1987)
Mercury – the god of finance – does his thing, and lifts the market back to all time highs, indicating that the T structures are very much alive and that Friday was most likely an echo low associated with the secondary DB (double bottom) structure.
Further strength is to be expected but be aware that this is potentially moving into the endgame of the red 'amalgamation' DB T structure, and that the endgame of a T structure is often a strong push up followed by a distinct lack of buying power.
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.