Posted 06 April 2017 - 05:20 AM
Well, the market did do a "quick reversal" so it's hard to see how yesterday's risk window was an acceleration event as I postulated in my morning post above. It was definitely a reversal event of some sort worthy of note. The reversal below 20837 DJIA at 3pm keeps the system out in cash. This market tantrum makes the next risk window even more important.
As I noted, Monday the 10th is the center of the next risk cycle turn cloud, but the entire pattern extends from this Friday until next Tuesday. It would be nice to see a resolution of this downward stock pattern in this window. I hate to say it because it makes me look like Chicken Little, but there is slight chance of a flash crash type event in this next risk window.
Regards,
Douglas