emini 29th June 2018 – pre-open from Chartprofit
On Monday there was a sell-off to test the 2718 Support and again on Wednesday. Thursday’s Value Area was printed below the Support but ES recovered back above that level late in the day and overnight has printed above 2730.
Although the Pulse Chart has a negative look about it (see today’s video) I have not marked Aggressive Selling since this month’s high and in fact, not for 45 days. Also SPY 1/2R from this year’s high comes in at 269.77 and that Support has held the decline so far – a level worth monitoring.
LT Support = 2718.00 (12mn poc)
Stocks>50dyma numbers: Nyse 49% unch), Nasdaq 53% (from 49%), R2000 58% (from 57%). Numbers >50 are supportive.
Sentiment: My version of the Rydex Assets Ratio was lower at 20.50 (from 22.44). The highest ratio in the database is 27.55 recorded on 01/30.
other charts – see today’s video
