On 11/04 ES moved into a strong position above the 3366.50 controlling price which is now important LT Support.
In Monday’s session there was a rejected test of 3551, the minor Support. Subsequently the controlling price migrated slightly higher to 3557. There was a rally on Tuesday, see yesterday’s highlighted comments.
Sentiment: My version of the Rydex Assets Ratio was higher at 19.53, the highest since February.
