According to my risk summation system, the windows this coming week or so with the highest risk of seeing a turn in or acceleration of the current trend in the DJIA are a window stretching from near the close on Monday June 24 to near the open on Wednesday June 26th and a window stretching from Friday June 28th through Monday July 1st.
Last week the Monday the 17th risk window caught a 400 or so point acceleration 3rd or C wave looking rally. The Friday risk window may have caught a top of some sort depending on what next Monday the 24th brings.
The nasty looking divergence in the SPX AD line that I pointed out is still there as is the NYSE new high - new low one definitely making it at least seem like the market might be on the cusp of turning down.
My short term EWave count below is also looking for a turn down, but will be a bit stretched if the "2" goes much beyond the 61.8% retracement where the box "c" roughly equals the box "a". So if next week is up or even flat, this count is probably heading for the trash can.
Regards,
Douglas