In w/e 01/29, Significant Sellers failed twice to auction ES below the major Support at 3672. Since an overnight test of that level on the following Monday, Aggressive Buying has been marked four times. First Level Support is at 3797, see last Thursday’s pre-open comments, highlighted.
Stocks>50dyma Nyse 79% (unch), Nasdaq 91% (from 90%), R2000 89% (from 89%). Numbers >50 are supportive.
Sentiment: My version of the Rydex Assets Ratio was almost unchanged at 18.4. The ratio reached 22.03 on 01/26, the highest since February last year.
