On 03/26 a Value Area was generated back above 3897. This represented a rejected test of that controlling price in the longer time-frame which is often a bullish pattern, see previous, highlighted comment on chart. Price back below 3897 from here would be a significant negative indication.
Stocks>50dyma
Nyse 71%, Nasdaq 63%, R2000 71%. Numbers >50 are supportive.
Sentiment: My version of the Rydex Assets Ratio reached 24.43 on 03/29, the highest since February ’20.
