S&P 500 3108,46 -11,72.
Since our recent comment last Monday, the stock market entered a small correction/consolidation. For the time being, the sell signal has been correct and the model, having reached an extreme of greediness, must now move to the other extreme. Systematic models haven’t turned down yet but are very close to their pivot point. Our objective in tem of prices lies around the breaking point in the vicinity of 3010-3040 area.