Three Value Areas generated above the 1month Support at 3998. That’s a strong position and ES has moved higher in RTH today.
Stocks>50dyma Nyse 84% (from 83%), Nasdaq 75% (from 74%), R2000 84% (from 85%). Numbers >50 are supportive.
Sentiment: My version of the Rydex Assets Ratio is at 17.95. Over the last 7 days the market has moved strongly higher and broken out to a new high and the ratio has fallen. That’s usually bullish in the ST.
