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 (dotted line), the low of the most recent Buying Day. I stay with that view.
Dayframe: late last week, the minor Support moved higher to 4181.0 – worth monitoring. The low overnight has been 4181.50.
Sentiment: My version of the Rydex Assets Ratio reached 30.77 last week. This is the highest ratio ever and a truly extreme reading.
Stocks>50dyma
Nyse 72%, Nasdaq 55%, R2000 59%. Numbers >50 are supportive.
