Significant Buying (green) was marked on Friday. The low of that Buying day is 4086.75. A RTH close below that level would be first sign of weakness in this trend. A move above 4150 is likely, see previous, highlighted comments on chart.
Stocks>50dyma
Nyse 76% (from 78%), Nasdaq 63% (from 64%), R2000 68% (from 70%). Numbers >50 are supportive.
Sentiment: My version of the Rydex Assets Ratio spiked up on 04/07 to 27.76. This is an extreme reading. There are only two days in my entire database that have a higher ratio than this, both in December 2019. Many Sentiment indicators have reached extreme readings recently but this one (an important one) had not. Now it has. Monday’s ratio was lower at 21.73.
