The days this week with the highest risk of a turn are Tuesday the 6th and Friday the 9th of March for very different reasons. Tuesday has no serious risk cycle turns and Friday has a lot. Both conditions have coincided in the past with stock market turns or acceleration of the current trend.
The later is what concerns me about the Tuesday risk window. If Monday is down sharply, the end of last week's risk window turn becomes a one day wonder failure and makes it more likely that Tuesday will be an acceleration down day. An early test of the Powell Put might be in the offing.
I hate to say this because it will make me sound like a tin foil hat wearing loony, but crashes occur from oversold conditions when hope is lost. The October 29 event actually began on Thursday the 24th culminating in a free-fall the following Tuesday (the 29th). Of course if Monday is flat to up then this is all much ado about nothing. The probability of such an event is so low that it is probably silly even mentioning it, but extremely low is not zero given the recent parabolic rise. Apologies in advance for even raising this.
Regards,
Douglas
