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Elevated Risk of Turn or Trend Acceleration on Monday and Friday


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#1 Douglas

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Posted 08 September 2018 - 01:21 PM

My risk window system indicates that there is an elevated risk of a turn or acceleration of the current trend in the broad US stock market indices on Monday the 10th and Friday the 14th of this week.  

 

I didn't realize that the risk window last week extended into Monday when I last posted here.  There was a mid-day turnaround in the DJIA on Friday but that has to be sustained on Monday the 10th for this to be a valid turn.   It is possible that the main event during this two day risk window will be an acceleration down or turn up from lower levels on Monday.  If the mid-day Friday DJIA low is taken out, then the main event in this two day risk window is on Monday the 10th.  If not, then Friday gets the prize.

 

Regards,

Douglas  

 

 



#2 bighouse1006

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Posted 12 September 2018 - 08:54 PM

Thanks for the update, going to get a nice turn on Friday.

#3 Waver

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Posted 14 September 2018 - 08:39 PM

big house - good call for today, turn down. Continues next week?

#4 bighouse1006

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Posted 15 September 2018 - 12:32 AM

I dont think so, Thursday low is the key, I think we chop around Monday and Tuesday and accelerate higher Wednesday. I was long the $RUT this morning.