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Douglas Trading System


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#1 Douglas

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Posted 16 July 2017 - 05:40 AM

Monday the 17th of July is the next risk window for a turn or acceleration of the current up trend.

The market waltzed through a mine field of risk windows the last couple of weeks with hardly a scratch which is even more significant given the -80% reading of the system weekly timing indicator and the -70% reading reached for the daily timing indicator. In the past such a show of strength typically occurred during Elliott 3rd waves. It appears the FED juicing the market kicked it out of a flat correction in its 3rd wave. The market reaction to the next high sell reading should provide some clue as to whether it is still in a 3rd wave or it has transitioned to a fifth wave.

Regards,
Douglas

#2 Data

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Posted 16 July 2017 - 09:06 AM

Generally, the market rallies into the cluster of central bank meetings: 20 (ECB, BOJ) and 25-26 (FOMC).  The Fed previously conducted a study of market behavior for the 2 weeks prior to FOMC meetings since 1995.    We had three down days on FAANG downgrade and two central bank speeches which was followed by abrupt reversals of the policies inferred from those speeches.


Edited by Data, 16 July 2017 - 09:10 AM.


#3 Douglas

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Posted 18 July 2017 - 10:35 AM

At least so far it seems the 17th risk window tagged a turn of some degree. The next risk window appears to be this coming Friday the 21st possibly stretching through about mid-day on Monday the 24th.

Regards,
Douglas