On Friday ES briefly tested the First Level Support at 3797, and has rallied from there, see previous comments. Price printing time below that level would indicate further weakness.
There is 1mn Resistance at 3907.
Stocks>50dyma Nyse 64%, Nasdaq 68%, R2000 73%. Numbers >50 are supportive.
Sentiment: My version of the Rydex Assets Ratio was almost unchanged at 20.34. The Ratio reached 22.66 on 2nd Feb, the highest since February ’20.
