Overnight the Support at 3797 has been tested. Currently printing back above 3800, pre-open. Price printing time below that level would indicate further weakness. Aggressive Selling was marked on Wednesday. On Monday the 1mn Resistance at 3907, was probed. Time above that level would suggest higher.
Stocks>50dyma Nyse 69% (from 72%), Nasdaq 65% (from 71%), R2000 74% (from 76%). Numbers >50 are supportive.
Sentiment: My version of the Rydex Assets Ratio was lower at 17.3, lowest ratio since 17th December. The Ratio reached 22.66 on 2nd Feb, the highest since February ’20.
