Today will be a classic test of my system's divergence buy signal. Throughout this third wave, buy divergence has worked like a champ, but sell divergence has been unreliable. Today the system has a buy signal if the DJIA is above 23349 at 3pm based on divergence. If the third wave is over, the tables should have turned on the buy signals.
The Monday minor peak in risk cycles that I mentioned in my last post appears to have tagged a high of some degree. This Friday is the next peak in risk cycle turns.
Regards,
Douglas
