ST: Last five Value Areas have been generated entirely above 4483, the minor control, which is a positive in the ST. This is First Level Support.
LT: The first sign of weakness in the LT would be a Value Area printed entirely below 4391.50, the 2month control.
Sentiment: my version of the Rydex Assets Ratio was higher at 38.40. There is only one ratio higher than this which wason 30th July at 38.57. Sentiment is running very hot again.
Stocks>50dyma
Nyse 62% (from 59%), Nasdaq 62 % (from 61%), R2000 63% (from 62%). Numbers >50 are Supportive.
