The model on a weekly basis worsened strongly AGAIN to -25, and the market stayed below the 2864 SPX level.  The Daily Model has been in Risk On for 4 weeks now, the Monthly since 1st May.  But the Weekly Model has NOT triggered AGAIN and is actually worsening. Coupled with the negative riskdial score, this is worrying at this juncture. Only a clean daily closing break of 2880 can re-establish any kind of positive trend. The odds favor a continued slow bleed of risk.

A video of my detailed expectations for the near term, with important levels to watch, can be viewed at https://youtu.be/D3NpZKBbviw

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