Last three Value Areas have been generated entirely above 4340 (1mn poc). ES is in a strong position if it prints above that level. Aggressive Buying (green) was marked on Monday. A RTH close below 4354.75, the low of that Buying Day, would be the first indication of weakness.
Sentiment: my version of the Rydex Assets Ratio was higher at 33.83, close to 34.73 reached last Thursday, the highest ratio recorded, indicating extremely hot sentiment and a warning.
Stocks>50dyma
Nyse 37% (from 45%), Nasdaq 41% (from 48%), R2000 35% (from 43%). Numbers >50 are supportive.
