On Friday, ES broke below the 1month Support at 3898. This level needs to be recovered if a strong position is to be maintained in the ST. Pre-open ES printing above that level. More important LT Support is at 3831.
Stocks>50dyma
Nyse 78% (from 79%), Nasdaq 66% (from 65%), R2000 76% (from 76%). Numbers >50 are supportive.
Sentiment: y version of the Rydex Assets Ratio ended the week at 21.56. Previous week the ratio fell to 17.22, the lowest since 17th December. The Ratio reached 22.66 on 2nd Feb, the highest since February ’20.
