The risk window this week turned out to be an acceleration event. I believe these occur when traders get set up for a turn which doesn't happen forcing them to cover and reverse adding fuel to the rally fire. As far as risk windows go, next week is an 8 pane doozy. The risk cycle turns are scattered across the week, so multiple turns and acceleration events are possible. Given the FED decision, Wednesday probably is the highest risk day, since even this Helen Keller FED must see the bubble they've blown.
The trend following trading system is still long and loving it, but the sell trigger is again set just waiting for the tight stop to be crossed. Good luck this week especially anyone short volatility and low on nitroglycerin pills.
Regards,
Douglas
