Monday’s VA was generated below 3479.0, the minor (11day) controlling price, see yesterday’s highlighted comments, and Aggressive Selling (red) was marked. This is a weaker position in the ST. There is Support at 3387, the 1/2R off September high and price below that level would be a further sign of weakness.
Sentiment: My version of the Rydex Assets Ratio was lower at 16.16. The ratio reached 17.14 on Wednesday, 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.
