Thursday’s RTH session generated a Value Area entirely above 4340, the 1 month controlling price, and again, Aggressive Buying (green) was marked. A Value Area generated back below that level would weaken the current, strong, position.
Sentiment: On 8th July, my version of the Rydex Assets Ratio reached 34.73, the highest ratio recorded, indicating extremely hot sentiment. Yesterday’s ratio was 34.12, just below that extreme.
Stocks>50dyma
Nyse 30% (from 36%), Nasdaq 35% (from 40%), R2000 31% (from 38%). Numbers >50 are Supportive
