My risk window system output is a mess this week with risk cycle turn clusters at the front of the week, a smaller one in the middle and another larger one near the end of the week, so maybe an "M" shaped week. The day with highest reading is Tuesday the 24th, but not by much.
Last week the Monday risk window was a day early and a dollar short dud with the turn coming the next day. The Thursday into Friday morning risk window did catch a complex low of some sort the importance of which will depend on the action early this coming week.
Regarding my post concerning the DeMark 13 count looking for a low, I think it is now 12, but I haven't seen any follow-up from him confirming this. If anyone has, please post a response with an update.
The VIX minus future VIX bottom spotter that I posted about is diverging with the S&P, so maybe it is signalling a minor low, but it still has not reached the heights needed to call a big low.
Just about every tout's stuff that I've read on the web this weekend is looking for a bounce next week. Several of the more reliable long cycles that I track have turn windows the first 10 days of June, so if the best announced short squeeze bounce ever doesn't develop, or fizzles, next week, then early June should be the next fertile ground to dig for the low.
Regards,
Douglas
Edited by Douglas, 21 May 2022 - 11:54 AM.