According to my risk summation system, there appears to be a "W" shaped risk window this week with somewhat higher risk of a turn in or acceleration of the current trend on Monday the 5th, Wednesday the 7th and Friday the 9th. The Monday signal may just be the trailing edge of the very large risk window in the middle of last week.
The huge risk window straddling the middle of last week managed to tag a top of sorts, but the only serious selling after the top occurred overnight and into the very first thing Friday morning. This top has created something resembling a head and shoulders pattern in the hourly DJIA chart with a neckline at about 27,400, but volume is not trending down through the pattern, so it's hard to get too excited about it.
Last week had the largest average risk summation in four years, gridlocked stimulus negotiations, flailing BREXIT talks and a B-52 sized black swan sick POTUS to boot, but somehow the DJIA managed to close up for the week. Last week was a risk train wreck with virtually no consequences. Amazing. It's hard to comprehend what it might take to turn this market down. In this environment even a themonuclear war might be seen as a net positive, driving a new rebuilding boom. Strangelove indeed.