Thursday’s RTH opened with a probe above Wednesday’s Buying Day high but Sellers immediately auctioned ES back down to the Support.
I’ve written that I’m staying bullish with the trend but would change that view very quickly with a RTH close below 4117.50 (dashed line), the low of the most recent Buying Day. I stay with that view.
Sentiment: My version of the Rydex Assets Ratio was higher at 29.91, having reached 30.3 on 04/19, the first time the ratio has been above 30.
Stocks>50dyma
Nyse 69% (from 73%), Nasdaq 52% (from 57%), R2000 56% (from 61%). Numbers >50 are supportive.
