In the LT, ES is in a strong position if it holds above 3672. Significant Selling (red) being marked below that level would be the first sign of weakness.
A v min (8day) controlling price has emerged at 3775.0. Price relative to that level at the start of this week is worth monitoring, above/below = strong/weak in the ST.
Sentiment: My version of the Rydex Assets Ratio ended the week at 17.73. Down from 20.59 on 18th December, the highest since February.
Stocks>50dyma Nyse 84%, Nasdaq 91%, R2000 89%. Numbers >50 are supportive.
