The model on a weekly basis worsened slightly to +51, which in the greater scheme of things is irrelevant. We are definitely in a strong Risk On period. 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 3 weeks now, the Monthly since 1st May and the Weekly Model will be next week, 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/YzZF-URshZg

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