Minor Support (14day) is at 4226. First Support in the longer-term is at 4197 and longer-term Support (3mn) is at 4163. ES has been consolidating above that level for three weeks, which is a positive indication.
Sentiment: My version of the Rydex Assets Ratio ended the week at 28.58. On 04/26 the ratio reached 30.77. This is the highest ratio ever and a truly extreme reading.
Stocks>50dyma
Nyse 69%, Nasdaq 62%, R2000 63%. Numbers >50 are supportive.
