Mechanically I’m staying bullish with the trend but that would change with a RTH close below 4117.50 (dotted line), the low of the most recent Buying Day. That level would move higher if there is a further Buying Day.
In the ST the 1mn Support is at 4181.0.
Sentiment: My version of the Rydex Assets Ratio reached 30.77 on 04/26. This is the highest ratio ever and a truly extreme reading. Friday’s ratio was sharply lower at 20.90.
Stocks>50dyma
Nyse 79% (from 74%), Nasdaq 58% (from 54%), R2000 64% (from 58%). Numbers >50 are supportive.
