The risk windows for a turn point or acceleration of the current trend this coming week are Monday the 4th of December and Wednesday the 6th. The trading system remains long RYDHX.
The 30th of November risk window near the end of last week caught an interesting top of some degree. Monday's action will determine if it was just a one day wonder or something of more substance. Also will the tax bill frenzy be subject to traditional "sell the news" action after all the recent "buy the rumour" activity, or will the overwhelming force of "buy the dip" win the day? Again Monday will tell the tale.
Regards,
Douglas
