w/e 01/29, Significant Sellers failed twice to auction ES below the major Support at 3672. There was a rejected test of that level overnight on the following Monday. Since then, Aggressive Buying has been marked four times. First Level Support is at 3797.
Stocks>50dyma Nyse 79% (from 80%), Nasdaq 87% (from 90%), R2000 87% (from 88%). Numbers >50 are supportive.
Sentiment: My version of the Rydex Assets Ratio was lower at 19.52. Wednesday’s ratio at 22.66 was the highest level since February last year.
