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.
Dayframe: At the start of this week there is minor Support at 4136.50 – worth monitoring.
Sentiment: My version of the Rydex Assets Ratio ended the week at 29.26, having reached 30.32 on 04/19 (Tuesday). This is the highest reading ever and a truly extreme reading.
Stocks>50dyma
Nyse 75%, Nasdaq 62%, R2000 67%. Numbers >50 are supportive.
