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e-mini 24th February 2021

Posted on February 24, 2021 Written by Chart Prophet

The 1mn is at 3907 = Resistance. This is a useful reference in the short-term. Price back above that point would be strong position. Aggressive Selling has not been marked yet. Major Support at 3797 has held so far.

Stocks>50dyma Nyse 74% (from 75%), Nasdaq 76% (from 80%), R2000 80% (from 83%). Numbers >50 are supportive.

Sentiment: My version of the Rydex Assets Ratio was slightly higher at 20.27. The Ratio reached 22.66 on 2nd Feb, the highest since February ’20.

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Filed Under: emini SP500 (ES)

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