Sam – Whenever there is any doubt, there is no doubt. That's the first thing they teach you.
Vincent – Who taught you?
Sam – I don't remember. That's the second thing they teach you.
[…]
Vincent – No questions. No answers. That's the business we're in. You just accept it and move on. Maybe that's lesson number three.
Ronin, 1998 Dir. John Frankenheimer
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Another attempt at a Buy Signal meets resistance at the previous high of 2454, continuing the theme of declining resistance.
The T volume oscillator climbs higher and turns positive and the OSC momentum oscillator looks near to a Buy signal.
Market still in a Neutral – Slightly Bearish mode and waiting for a catalyst for direction – this could mean the market is rolling over or could just be the squeeze before the next advance – we shall see.
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.