emini 24th August 2018 – from Chartprofit
Dayframe: the very minor poc (20day) migrated slightly higher to 2858.50. This could be used as a reference level intraday.
There is further Support (minor) at 2815. Last week (08/15) ES tested this Support but closed the day session back above it and then rallied to the end of the week. First minor sign of weakness would be price printing time below 2815, e.g. a Value Area entirely below that level.
First Level LT Support = 2772 (poc)
Stocks>50dyma numbers: Nyse 58% (from 63%), Nasdaq 54% (from 56%), R2000 59% (from 62%).
Sentiment: My version of the Rydex Assets Ratio was lower at 17.91. Ratio was 24.26 on Monday. The 6month high for the ratio is 24.29. The highest ratio in the database is 27.55 recorded on 01/30.
Other charts: see today’s video
