Significant Buyers (green) have been marked three times in last six days. A move above 4150 is likely, see previous, highlighted comments on chart.
The low of Friday’s Buying day is 4086.75. A RTH close below that level would be first sign of weakness in this trend.
Stocks>50dyma
Nyse 78%, Nasdaq 64%, R2000 70%. Numbers >50 are supportive.
Sentiment: My version of the Rydex Assets Ratio spiked up on Wednesday to 27.76. This is an extreme reading. There are only two days in my entire database that have a higher ratio than this, both in December 2019. Many Sentiment indicators have reached extreme readings recently but this one (an important one) had not. Now it has. Thursday’s ratio was lower at 24.41.
