According to preliminary calculations in my risk summation system, the highest risk window for a turn in or acceleration of the current trend in the DJIA this week is most likely Tuesday December 15th through Wednesday December 16th. Next week there appear to be two risk windows, one on Monday December 21st and a second at the end of trading week on Thursday December the 24th.
Last week's Wednesday the 9th risk window tagged the high for the week and what looked like a decent top, but futures action this morning is starting to make it look like it might have been a very short term top. We'll have to see how the DJIA behaves as the day unfolds.
A trend line way of looking at the daily close of the DJIA since the March low is shown below. Note the little rising wedge currently under development which has been a real pain these last several days. Note too that its focus and that of the larger triangle both appear to form in the next few days possibly pointing to a turn (or acceleration as Don pointed out) of some importance, or not, given my luck lately. Your friend the trend is currently clearly heading up.
Regards,
Douglas
Edited by Douglas, 14 December 2020 - 02:02 AM.