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 is at 3909. This is a useful reference in the short-term.
Stocks>50dyma Nyse 73% (from 76%), Nasdaq 81% (from 85%), R2000 79% (from 83%). Numbers >50 are supportive.
Sentiment: My version of the Rydex Assets Ratio was higher at 21.51. The Ratio reached 22.66 last week, the highest since February.
