w/e 01/29, Significant Sellers failed twice to auction ES below the major Support at 3672. Following a rejected test of that level Aggressive Buying has been marked five times. First Level Support is at 3797.
The 1mn moved to 3909. This is a useful reference in the short-term and currently minor Resistance.
Stocks>50dyma Nyse 76% (from 78%), Nasdaq 85% (from 87%), R2000 83% (from 85%). Numbers >50 are supportive.
Sentiment: My version of the Rydex Assets Ratio was almost unchanged at 19.90. The Ratio reached 22.66 last week, the highest since February.
