Since it appears that Monday the 1st of June may be the next risk window for a turn or acceleration of the current trend in the DJIA based on my risk summation system, I thought I would publish something on it before the weekend. The other risk window next week appears to be Thursday the 4th, but that is very preliminary at this moment and will require quite a bit more work to confirm.
This past Monday's risk window was an acceleration day, and it appears the Thursday risk window at these wee hours of futures trading will in all probability tag a turn down making it two for two for the system.
Soapbox: That turn down is the other reason I'm posting this week's missive a bit early. The DJIA hasn't quite made it to the 200 SMA, but it has made it to the 200 EMA and turned back down during the risk window which makes for a very bad visual. This at the very same time that the POTUS has announced that he will shoot one of the geese that have been laying the golden NASDAQ eggs, social media. Every mother's son has been slandered or has been slandering on social media, the shooter included. Removing these companies' libel shield will potentially open them up to an absolute landslide in litigation which can't be good for the stock prices. Every since this plan was leaked, the NASDAQ has been lagging the DJIA. The other bird which is potentially in the POTUS sights for Friday is the China trade. Before the virus, the China trade deflation force provided the FED cover to keep rates ridiculously low despite raging "real" inflation. That could be a FED pump impeller wrecker. I know that I'm going to regret saying this, but these two birds' demise may open the door to a much more malevolent black bird of the swan variety, so the Monday risk window may really live up to its name. Sorry, but I can't believe that the long cycle low that I've been waiting for is a no show. This is pretty much its last chance to make it to the party.
Regards,
Douglas