This is a little different version of the T6 weekly model...in this case IEF (Total bond ETF) has been replaced by SDY (SPY dividends ETF).
Depending on whether a top 1 or top2 strategy is engaged, the trading frequency is quite low and the drawdown is well contained.
Somewhat interestingly the SDY has been showing considerably more momentum than the SPY for the past several months...reflecting an underlying flight to safety, even as the bonds ETFs have consistently underperformed..
Click once on chart to clarify and enlarge.