According to my risk summation system, the days this week with the highest risk of a turn in or acceleration of the current trend are Monday November 30th, Wednesday December 2nd and Friday December 4th. The form of the Wednesday risk window is more typically associated with lows than highs.
Last week's Wednesday risk window tagged a turn down on a closing basis which appears to be continuing based on futures price action Sunday night.
Christmas came early for the market this past week when Biden named Janet to lead Treasury. Now at least her name will be on all the funny money she will help print with her co-conspirators at her old haunt, the FED, a perfect perpetual motion money machine team, kiting the market ever higher. All that green the bulls are resting comfortably on isn't laurels, it's freshly minted moola.
Regards,
Douglas
