According to my risk summation system, most of next week is a risk window. The day next week with the highest risk of a turn in or acceleration of the current trend is Friday the 19th of February. There is also a nebulous risk window which appears to span Tuesday and Wednesday the 16 & 17 of February.
Last week the risk windows on Tuesday and Friday were both duds. Both of these days only saw very small pullbacks which was all the damage the risk windows could cause. There may have been a triangular correction which lasted from Wednesday into the risk window on Friday which will be evident if the break out Friday is confirmed by a rally on Tuesday the 16th.
As I mentioned last week, the 72 and 22 week mirror cycles both have turns next week. The turn can be a bottom or a top, but the market should form a pivot next week if these cycles are even working in this whacky, FED junkie market.
Regards,
Douglas