The Riskdial on a weekly basis improved to +18. Even though equities had a decent week, the Riskdial continues to show a higher probability of bonds outperforming them going forward. The 2864 SPX level continues to be key.  We have had the move to 2970ish as predicted last week. We now could have a sideways period of several weeks.

A video of my detailed expectations for the near term, with important levels to watch, can be viewed at