Price has once again been rejected back below 3700, please read previous, highlighted, comments on chart. ES is in a strong position if it holds above 3672. Significant Selling (red) being marked below that level would be the first sign of weakness.
Sentiment: Last week, my version of the Rydex Assets Ratio reached 21.00, the highest ratio since late Feb. Monday’s ratio was 20.41.
Stocks>50dyma Nyse 76% (from 82%), Nasdaq 82% (from 84%), R2000 81% (from 85%). Numbers >50 are supportive.
