Momentia

“There is surely nothing other than the single purpose of the present moment.
A man's whole life is a succession of moment after moment.
There will be nothing else to do, and nothing else to pursue.
Live being true to the single purpose of the moment.”

– Tsunetomo Yamamoto, Hagakure: The Book of the Samurai

A strong gap and go up into and above the Buy Signal line, but couldn't hold onto all of the gains into the close, cancelling the Buy Signal for now. Failure occurred at the mid-channel line.

The T volume oscillator improves considerably showing strong breadth behind yesterday's rally, and supports the possibility that we have a new small T structure – if the low holds.

Chart of S&P 500 for 22 May 2017

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.

 

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