The minor (9day) has migrated to 3479.0. That changes the ST analysis. As long as ES holds above that level it is back in a strong position.
Price relative to that level could be useful to monitor in the ST, above/below = strong/weak.
Stocks>50dyma Nyse 60% (from 58%), Nasdaq 67% (from 62%), R2000 64% (from 56%). Numbers >50 are supportive.
Sentiment: My version of the Rydex Assets Ratio was lower at 17.0. Wednesday’s ratio at 17.14 was a 7month high. The ratio fell to 3.35 on 03/17, the lowest since early 2016. The ratio reached 28.62 on 12/27, the highest reading in my database.
