According to my turn probability summation system, the window this week with the highest likelihood of seeing a turn in or acceleration of the current trend in the DJIA stretches from about noon on Tuesday July 7th thru about noon on Thursday July 9th with the peak reading on Wednesday.
Last week neither the Monday the 29th turn window which was apparently just part of a larger window from the week before nor the Wednesday July 1st turn window shown in the marketwatch.com plot excerpt below amounted to anything, so duds. The steady DJIA march northward continued.
This coming week there is a peak in my weekly cycle summation which should make it at least a bit more likely that a turn of some importance will occur this week. Several of the other indexes are showing topping chart patterns, for example see the diamond on the QQQ below.
Regards,
Douglas
