“Not marble nor the gilded monuments
Of princes, shall outlive this powerful rhyme,
But you shall shine more bright in these contents
Than unswept stone, besmeared with sluttish time.
When wasteful war shall statues overturn
And broils roots out the work of masonry,
Nor mars his sword nor war's quick fire shall burn
The living record of your memory.
'Gainst death and all-oblivious enmity
Shall you pace forth; your praise shall still find room
Even in the eyes of all posterity
That wear this world out to the ending doom.
So, till judgement that yourself arise,
You in this, and dwell in lovers eyes.”
– William Shakespeare, Sonnet 55
Market takes a slight breather in its pursuit of new highs and we move into the long memorial weekend.
The market looks 'strong' having taken out the recent resistance at 2400 and higher prices are to be expected, with the oscillator supporting the new small T centred on the 17 May low and projecting a peak on the 8 June, also inline with projections from the Secondary DB T Structure which may be the primary structure.
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.