emini 22nd June 2018 – pre-open from Chartprofit
In the ST, Bulls still need to see a meaningful recovery back above 2772, the minor poc. Pre-open ES has printed as high as 2768.25. Significant Selling has not been marked for 41 days, see Monday’s highlighted comments. In the LT ES needs to hold 2718, (12mn poc) to remain in a strong price location.
LT Support = 2718.00 (12mn poc)
Stocks>50dyma numbers: Nyse 56% (from 62%), Nasdaq 69% (from 73%), R2000 73% (from 77%). Numbers >50 are supportive.
Sentiment: My version of the Rydex Assets Ratio was higher at 23.69.
Other Charts:
See today’s video
