According to my system, the day with the most risk for a turn this coming week is Tuesday, January 21st. Since the DJIA has risen a sharp 500 or so points since the Monday the 13th risk window, I assume that turn will be down. Given the market is now rising parabolically, there is also a risk of futher acceleration to the upside on Tuesday, but even the most ardent bulls have got to be getting a little nervous that the cash spiked Kool-Aid is working just a little too well. With blue sky above and nothing but air below, it might just be time for one of those Wile E. Coyote moments early next week to cool the market fever. Beep! Beep!
Regards,
Douglas
Edited by Douglas, 18 January 2020 - 01:36 PM.