The 1mn controlling price migrated to 3797.00 last week, see previous, highlighted comments. In the ST, price printing time back below 3797 would be the first sign of weakness.
In the longer time-frame, ES is in a strong position if it holds above 3672.
Stocks>50dyma Nyse 78% (from 82%), Nasdaq 88% (unch), R2000 84% (from 86%). Numbers >50 are supportive.
Sentiment: My version of the Rydex Assets Ratio was almost unchanged at 20.2. The ratio reached 21.26 on 01/13, the highest since February.
