According to my system, the day next week with the highest risk of a turn or acceleration of the current trend is next Wednesday the 29th. This appears to be even more likely given it's FED day. If the virus scare intensifies early in the week, the FED pumping operation will probably switch into overdrive to reassure all punters that the market QE kiting will continue until the very last saver/pensioner is starved into submission. If last week's sag continues into the risk window, a reversal to the upside can be expected (or an acceleration to the downside if the FED by some miracle idles the pumps for Lent or some other ethereal reason).
Last week's Tuesday the 21st risk window saw the DJIA turn down as predicted dropping more than 400 points from the open on Monday until the low on Friday. What did not happen was the Wile E. Coyote event. A virus laden black swan did fly over the East River down Wall Street, but it barely slowed the charging bull. That black bird mantle shifts to the FED this week. If they want to do a little Australian style weed clearing on Wall Street, they could raise the funds rate. I think the chances of that are right on par with the sun rising in the west this Wednesday, but stranger things have happened, just not lately.
Regards,
Douglas
