w/e 01/29, Significant Sellers failed twice to auction ES below the major Support at 3672. Following a rejected test of that level Aggressive Buying has been marked five times. First Level Support is at 3797.
Stocks>50dyma Nyse 78% (from 79%), Nasdaq 87% (from 88%), R2000 85% (from 86%). Numbers >50 are supportive.
Sentiment: My version of the Rydex Assets Ratio was higher at 19.88. The Ratio reached 22.66 last week, the highest since February.
