According to my system, the days this week with the highest risk of a turn or acceleration of the current trend are Tuesday the 29th and Friday the 1st.
This past week's risk window caught a sharp one day wonder drop into the low for the week. The FED is apparently back in market support mode putting rate hikes and balance sheet buy backs on hold despite short term interest rates below the real rate of inflation. With this FED largess, it's probably going to be tough to get any sustained down-turns. All selling is once again just manna for the buy the dippers. "Free" money like free drinks always brings in a crowd. For some strange reason I suspect that this trail of free money manna doesn't lead to a promised land. I'm thinking something more akin to a cliff than a Canaan.
Regards,
Douglas
