According to my risk summation system, the windows with the highest risk of seeing a turn in or acceleration of the current trend in the DJIA are Monday August 12th which completes the risk window started Friday the 9th afternoon, Thursday August 15, and Friday August 16th thru Monday August 19th. The 15th through 19th is a bit strange. It appears as though there might be two or even three risk windows over this time period rather than just one large risk window. Hard to make out exactly what's going on. Maybe violent swings up and down.
Last week the Monday August 5th thru the morning of Tuesday August 6th risk window caught a nice looking double bottom low. The jury is still out on the Friday the 9th through Monday the 12th risk window.
More inflation data is out this coming week with good news expected, but this good news might be offset by earnings reports that are expected to be soft.
Regards,
Douglas
