Last three Value Areas have been generated entirely above 4340 (1mn poc). ES is in a strong position if it prints above that level. Aggressive Buying (green) was marked on Monday. A RTH close below 4354.75, the low of that Buying Day (dashed), would be the first indication of weakness.
Sentiment: my version of the Rydex Assets Ratio was almost unchanged at 33.0, close to 34.73 reached last week, the highest ratio recorded, indicating extremely hot sentiment and a warning.
