My risk window system projects that there is an elevated risk of turn or acceleration of the current trend in the DJIA on Monday the 7th and Tuesday the 8th of May.
Last week's closing low in the DJIA occurred on Wednesday the 2nd inside last week's risk window.
The DJIA continues to gyrate within a somewhat symmetrical triangle. As of Friday the 4th of May my trading system is on a buy signal. I'm waiting on the late April pivot stop to be broken before I put my money where my system's mouth is.
Regards,
Douglas