According to my turn probability summation system, the days this coming week with the highest odds of seeing a turn in or acceleration of the current trend in the DJIA are Tuesday July 14th and Wednesday the 15th. Not sure if they are one window or two, but given what's happening those days (see below), there just might be two turns (or a turn and an acceleration).
Last week the large mid-week turn window caught the low for the week as shown in red in the marketwatch.com chart excerpt below but missed a high on July 6th that may have been more important, of course, depending on what happens this coming week. By the way my turn system is focused primarily on lows, so it has a harder time spotting highs. Just the nature of the beast.
The QQQ diamond pattern that I posted last week has expanded a bit, but is still in play.
Tuesday the 14th we will get the latest read on June inflation and Wednesday Kevin Warsh will be testifying both of which could add a little extra juice to the turn windows this coming week.
Regards,
Douglas
