Our model turned down just before the selloff and the natural selling pressure we anticipated from systematic traders materialized and was exacerbated by the escalating trade tensions. The S&P 500 found a support at 2700 and rebounded somehow at the end of the trading day. Our indicators improved somehow but there is still room before they start flashing a buy signal. We expect to observe a more cautious attitude from various market participants over the next few days and some signs of fear in this environment.