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Risk Window for the Week of June 6th & q4wer Nailed It


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#1 Douglas

Douglas

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Posted 04 June 2022 - 10:14 AM

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 in the DJIA is Wednesday June 8th.

 

Last week the Wednesday June 1st risk window tagged the high in the DJIA for the week which occurred in the first hour of trading, and the Friday the 3rd risk window caught a turn down in the first hour of trading from the maybe double top at the close on Thursday the importance of which will be determined by the action this coming Monday.   

 

wHicfOJ.png

 

A week or so ago I posted the plot below of Brent with intersecting trends lines which projects a turn of some sort for this crude on Wednesday June 8th this coming week.  Given the EIA figures to be released that day, I suppose a reaction in crude that day is not far fetched.  Given my current trading position, I'm sincerely hoping it's not a high.   Of course hope is the dope that dulls better judgement cause right now it sure looks like it's arching up to make a high.  

 

vrkDP9X.png

 

Finally I want to give a shout out to q4wer who responded to my risk windows post last week with a forecast for a high on Thursday June 2nd.  On a closing basis in the DJIA and on both a closing basis and intraday basis in the SPX he nailed it.  The long white DJIA  candle on June 2nd even looked more like a top than the intraday high in the red candle early Wednesday that I noted above.  q4wer, if you can share the nature of the cycle which made you make your forecast, I would appreciate it.  Thanks for responding.

 

Regards,

Douglas