According to my system the day this week with the most risk cycle turns and therefore highest risk of a turn or acceleration of the current broad stock market trend is Friday the 7th.
Last Monday the 27th risk window caught an acceleration event when short traders were caught on the wrong side of good trade news. The Friday the 31st risk window appears to have caught a minor turn up, but if the market doesn't move up smartly in the next couple of days, the turn signal should probably just be called a garden variety dud.
The thing I hate most about eating crow are the feathers. They're so crunchy. Last weekend I speculated that the combination of a solid system sell warning signal and a couple of decent risk windows last week would send the stock market sharply lower by the morning of the day after labor day. The trend change to trigger a sell never came. The trend indicator as of Friday's close is still a very healthy +92%. Unless something awful happens in the Tuesday early morning to redeem that lousy cracked crystal ball call, I'll be munching crunchy crow pie for lunch today. Yum!
Regards,
Douglas
