According to my risk summation system, the days this week with the highest risk of a turn in or acceleration of the current trend in the DJIA are this Monday the 16th, Wednesday the 18th and Friday the 20th of November. The type of summation on Friday more commonly occurs at turns up from a low in the DJIA.
Last week the Monday the 9th risk window tagged a historic moon shot rally, the Tuesday risk window did see a very modest consolidation low as expected and the Thursday risk window tagged the low for the week, so all in all not a bad performance from the system.
Given the futures action this morning, today appears to be a continuation of the rally which began during last Thursday's risk window low. The rally today should really put on steam to form an acceleration of that trend or form a top sometime during the day and start heading down similar to last Monday. Next week preliminary calculations indicate a single risk window on Wednesday the 25th. A very important market cycle which I track also tops sometime between that Wednesday and the following Tuesday December the 1st, so that should make for a very interesting holiday.
Since I left the US ten years ago, you all have completely let it go to pot, literally, in some half a dozen or so states now. With more easy access to happy smoke, you'd think folks would be more mellow, but protests and riots seem to be everywhere. I have had a hard enough time these last four years trying to explain what was meant by the latest POTUS tweet every time that I visited the local pub. I don't want to spend the next four years trying to explain why democracy is failing back home to a bunch of ale filled Englishmen. A house divided and all that, seriously people, get a grip.