The risk model indicates that Monday the 18th and Friday the 22nd are the days next week with the highest risk of a turn or acceleration of the current trend.
Last Wednesday the 13th really looked like a high risk day on paper, and Thursday's sharp sell off made me think it was a hit, but then came Friday making the risk window a one day wonder dud. So far, down turns in this 3rd wave up have been very shallow and quick making mince meat out of the bearish set up risk windows.
I suspect help is on the way for the battered bears. Sentiment is getting downright giddy. This week's system average sentiment value is the highest in almost 18 years. Either nirvana or a correction should be just around the corner.
Regards,
Douglas
