The Riskdial on a weekly basis worsened strongly AGAIN to -51, as the market stayed below the 2864 SPX level and broke down hard. The Daily Model switched to Risk Off after 4 weeks on Thursday, the Monthly again today. The Counter-trend strategy has given a BUY signal, indicating a counter-trend bounce will occur in equities very soon. Please also look at the Deviations Tab to see how oversold we are in SPX. The odds favor a continued slow bleed of risk after a bounce.
A video of my detailed expectations for the near term, with important levels to watch, can be viewed at https://youtu.be/iFt9vG8V08k