In w/e 01/29, Significant Sellers failed twice to auction ES below the major Support at 3672. Since an overnight test of that level on the following Monday, Aggressive Buying has been marked three times. First Level Support is at 3797, see last Thursday’s pre-open comments, highlighted.
Stocks>50dyma Nyse 79% (from 74%), Nasdaq 90% (from 86%), R2000 89% (from 84%). Numbers >50 are supportive.
Sentiment: My version of the Rydex Assets Ratio was lower at 18.2. The ratio reached 22.03 on 01/26, the highest since February last year.
