The model on a weekly basis worsened strongly to -9, and the market broke the 2864 SPX level on a closing basis on the death. The Daily Model has been in Risk On for 3 weeks now, the Monthly since 1st May. But the Weekly Model has NOT triggered AGAIN by 3 point. Coupled with the negative riskdial score, this is worrying at this juncture. Only a clean daily break of 2896 can re-establish any kind of positive trend.
A video of my detailed expectations for the near term, with important levels to watch, can be viewed at https://youtu.be/bEjkUmVIN_s