emini 31st August 2018 – pre-open from Chartprofit
SPY broke above the January high late last week and is holding above that level. See Wednesday’s comments and also Sentiment, below. More on Sentiment in today’s video.
Stocks>50dyma numbers: Nyse 59% (from 66%), Nasdaq 56% (from 58%), R2000 58% (from 61%).
Sentiment: My version of the Rydex Assets Ratio jumped to 26.9 (from 23.57). There are only three readings higher than this in the database and these were late January/early February with the highest 27.55 recorded on 01/30.
Other charts: see today’s video
