pre-open Friday 16th June
See previous, highlighted, comments. Thursday’s Value Area was generated entirely below 2434.50 (6wk poc). Pre-open today ES prints just below that level.
Minor S/R = 2434.50 (minor poc)
First Level LT Support = 2384 (5mn poc)
Second Level LT Support = 2353 (poc)
Sentiment: My version of the Rydex Assets Ratio was lower at 9.0. On 1st March the ratio reached 14.02, the second highest ratio in the database.
Stocks>50dyma numbers: Nyse 61%, Nasdaq 56%, R2000 61%. Numbers >50 are supportive.
Other charts: see today’s video.
click graphic to enlarge
