The model on a weekly basis improved slightly with price to -22. As I explain in the video, I don’t see this as particularly significant at the moment, as we are approaching the most significant level for 2019. What could be significant is that it refuses to go positive with market strength. It enables the moving averages to converge downwards at a lower level which will enable a more powerful thrust in the medium term and a stronger trend to eventually emerge. A big battle is raging between Risk On and Off and we are witnessing it daily.
A video of my detailed expectations for the near term, with important levels to watch, can be viewed at https://youtu.be/CpVuj2jiRBI