"Have you also learned that secret from the river; that there is no such thing as time?" That the river is everywhere at the same time, at the source and at the mouth, at the waterfall, at the ferry, at the current, in the ocean and in the mountains, everywhere and that the present only exists for it, not the shadow of the past nor the shadow of the future.
Hermann Hesse, Siddhartha, 1922
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The market throws caution to the wind and heads higher in a buying and short-covering frenzy that places price back near the upper extreme of the channel.
Today is a scheduled pulse high and the Put/Call ratios flash a warning that the market is not surprisingly somewhat vulnerable to a decline.
The oscillators remain subdued considering the rapid advance in price.
Be prepared for whatever is coming next, and trade with confidence:
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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.