Today: 5day is at 4691. ES opened RTH above that level and sold off immediately. 1 hour in and printing 4672. I’m holding off new longs unless 4691 is recovered or that 5day migrates lower. LT: 4570 is First Level Support. A RTH close below 4613, the low of last Wednesday’s Buying Day, would be […]

4570 is First Level Support. A RTH close below 4613, the low of last Wednesday’s Buying Day, would be a first indication of weakness. Sentiment: my version of the Rydex Assets Ratio ended the week at 28.75. The previous week’s extreme at 48.48, was the highest ratio ever. This is a contrarian indicator. The next […]

4570 is First Level Support. A RTH close below 4613, the low of Wednesday’s Buying Day, would be a first indication of weakness. Sentiment: my version of the Rydex Assets Ratio was lower at 33.68. Last week’s extreme at 48.48, was the highest ratio ever. This is a contrarian indicator. The next technical indication of […]

4570 is First Level Support. A RTH close below 4613, the low of yesterday’s Buying Day, would be a first indication of weakness. Sentiment: my version of the Rydex Assets Ratio was higher at 34.64. Last week’s extreme at 48.48, was the highest ratio ever. This is a contrarian indicator. The next technical indication of […]

The minor control migrated to 4570 last week. Value Areas since then have been generated entirely above that level, an indication of strength. 4570 is First Level Support. A RTH close below 4560, the low of Friday’s Buying Day, would be a first indication of weakness. Sentiment: my version of the Rydex Assets Ratio was […]

The minor control migrated to 4570 on Wednesday. Value Areas since then have been generated entirely above that level, an indication of strength. 4570 is First Level Support. ES has opened RTH higher this morning. A RTH close below 4560, the low of Friday’s Buying Day, would be a first indication of weakness. Sentiment: my […]

The minor control migrated to 4570 on Wednesday. Value Areas on Thursday and Friday were generated entirely above that level, an indication of strength. 4570 is First Level Support. ES has opened RTH higher this morning. A RTH close below 4560, the low of Friday’s Buying Day, would be a first indication of weakness. Sentiment: […]

The minor control is 4570. ES is printing below that level pre-RTH. A RTH close below 4529, the low of Monday’s Buying Day, would be a first indication of weakness. Sentiment: my version of the Rydex Assets Ratio exploded on Wednesday to a reading above 48. Thursday’s ratio at 48.48 is the highest ratio ever. […]

The minor (14day) control moved higher to 4570. ES is printing below that level pre-RTH. A RTH close below 4529, the low of Monday’s Buying Day, would be a first indication of weakness. Sentiment: my version of the Rydex Assets Ratiohas exploded to a new high of 48.19. I can check one day later that […]

The minor control is 4525.50. I’d expect Support there if tested. 4595 might be an extreme for the ST until further value gets built. A RTH close below 4529, the low of Monday’s Buying Day, would be a first indication of weakness.