According to my risk summation system, the day this coming week with the highest risk of a turn in or acceleration of the current trend is Wednesday January 6th.
This coming Wednesday is also the first trading day after the night that the lights will go out in Georgia for one of the US political parties which could in itself be market moving. Since this coming Monday Not Sure will be formally elected to replace President Camacho, the Senate will be the only wild card left in the election deck.
The jury is still out on last week's Thursday risk window. If the DJIA heads south this coming Monday, it is reasonable to tag last Thursday's risk window as a top. Any other market action and it will have to be labelled a dud.
The eternal rising wedge is somehow still in play, although I've now seen it noted so many times on market web sites, that it's bound to have lost any real punch.
Edited by Douglas, 02 January 2021 - 06:52 AM.