According to my risk summation system, the days this week with a slightly higher risk of a turn in or acceleration of the current trend are Monday the 12th, Wednesday the 14th and Friday the 16th. Given the low level of these signals and how lousy the system is performing in this FED funny money fuelled rally, I don't expect much from these risk windows.
Speaking of lousy, last week's Wednesday risk window tagged a very minor low and Friday's a minor acceleration up in the direction of the trend. Neither marked anything worth getting too excited about. Also the low probability, high risk cycle low near the end of the week that I noted didn't amount to a hill of beans. Maybe the one this coming fall will be more interesting. All in all a dismal week for my cracked crystal ball gazing.
There is an interesting development on the sentiment front. The casino gamblers that have been buying volatility futures and their options expecting an end to this rally are finally starting to throw in the towel. Also the bad memory of the March 2020 panic is finally far enough back in the rear view mirror that risk premium is heading south in a hurry. The last bears are finally starting to hang up their fur coats just in time for spring. The only question is where is the new support line, down around the previous one at 11 or so or maybe somewhere in the middle closer to 15?