The model on a weekly basis improved to -4, which is the best score since early November. Still negative, but at a level which could turn positive very soon if a couple of spread indicators make a further positive improvement.  I have analyzed the individual components and we are not very far off from that happening in the next several sessions. 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