Dayframe: a v minor (7day) controlling price has emerged at 3851. Price relative to this level at the start of this week is worth monitoring.
The 1mn cp is at 3797.00. Price printing time back below this level would be the first sign of weaknes in the ST.
In the longer time-frame, ES is in a strong position if it holds above 3672.
Sentiment: My version of the Rydex Assets Ratio was higher at 21.91. The ratio reached, the highest since February last year.
Stocks>50dyma Nyse 76%, Nasdaq 87%, R2000 86%. Numbers >50 are supportive.
