The model on a weekly basis improved to +59. Once we vaulted over the most important level of 2019 at 2864 SPX, the spreads have never looked back since. The Daily Model has been in Risk On for 2 weeks now and the Weekly Model will be in 2 weeks’ time, as it is improving by 8 points/week, unless something changes dramatically. That will add 60% weighting to equities. A definite Buy the Dip market.
A video of my detailed expectations for the near term, with important levels to watch, can be viewed at https://youtu.be/w7NO_YvcQ44