On Friday ES briefly tested the First Level Support at 3797, and has rallied from there. Price printing time below that level would indicate further weakness. On Monday the 1mn Resistance at 3907, was probed. Time above that level would suggest higher.
Stocks>50dyma Nyse 73% (from 64%), Nasdaq 76% (from 68%), R2000 82 % (from 73%). Numbers >50 are supportive.
Sentiment: My version of the Rydex Assets Ratio was slightly higher at 20.88. The Ratio reached 22.66 on 2nd Feb, the highest since February ’20.
