Value Areas this week have been generated entirely above 4163 (3mn controlling price) which is an indication of strength. ES has been consolidating above that important Support. Bulls would want to see ES hold that level or recover quickly from a test.
Sentiment: My version of the Rydex Assets Ratio was higher at 28.64. There are only 12 readings higher then this. On 04/26 the ratio reached 30.77. This is the highest ratio ever and a truly extreme reading.
Stocks>50dyma
Nyse 73% (from 70%), Nasdaq 57% (from 53%), R2000 61% (from 56%). Numbers >50 are supportive.
