According to my risk summation system, the days this coming week or so with the highest risk of seeing a turn in or acceleration of the current trend in the DJIA are Tuesday February 18th, Thursday the 20th and Monday the 24th. Another timing tool I use has also pointed to possible fireworks on Monday the 24th, so this day is of particular interest.
Last week the Wednesday risk window in red nailed the low for the week and maybe a bit longer depending on action this coming week.
My weekly British Pound indicator based on CME COT data has been ringing the bell for a Pound rally, but short term Tuesday & Wednesday the 18th & 19th are daily turn risk windows for the currency, which could mean short term weakness or maybe an acceleration to the upside with the dollar taking the opposite path.
The blue triangle focus and the purple trend line pivot line intersection in the plot below both call for a turn in the DJIA in the late February early March neighborhood.
Regards,
Douglas
