Two Value Areas generated entirely above the 3366.50 controlling price. Bulls need to see this Support hold now. Strong position. Sentiment: My version of the Rydex Assets Ratio was lower at 13.61. This week the market has rallied strongly and the ratgio has fallen. This is usually bullish in the ST.
The ratio reached 17.14 on 10/14, a 7month high. The ratio fell to 3.35 on 03/17, the lowest since early 2016. The ratio reached 28.62 on 12/27, the highest reading in my database.
Stocks>50dyma Nyse 63% (from 51%), Nasdaq 66% (from 55%), R2000 65%53% (from 61%). Numbers >50 are supportive.
