The warrior code. The delight in the battle, you understand that, yes?
But also something more. You understand there is something outside yourself that has to be served.
And when that need is gone, when belief has died, what are you?
A man without a master.
– Ronin, 1998, Dir: John Frankenheimer
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A token new high and some selling into the close, a pulse high.
And today we have another important projection for a high from the large(r) T structure and this could complete another sequence. As you can see, this blue structure has pin-pointed most of the important highs within one or two days.
However, momentum and breadth – indicated by the T volume oscillator – still look very strong, and the smaller structures continue to support a continued advance. We shall see if the shorter term structure and seasonal strength is enough to hold this relentless market up into Christmas.
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.