On Wednesday more time early in RTH at 4673.5, the minor control, and then sold off. I marked Aggressive Selling (red) on Wed for first time since late September. Red-at-bottom lows get re-tested abvout 80% of the time within 2 days. As I wrote on Wednesday “I’d want to see time printed back above that price before looking at new longs – price action in the ST is not great right now!”. Also see Sentiment, below. Longer Term Support at 4570.
Sentiment: my version of the Rydex Assets Ratio surprisingly spiked to a new high at 54.15 on Tuesday (confirmed), a huge one-day increase. 53.15 on Thursday. That’s a concern.
