The 3mn controlling price at 4163.0 capped the upside on Monday. A Value Area generated above that level would be bullish. A RTH close below 4135, Friday’s Buying Day low, would now be first indication of weakness.
Sentiment: My version of the Rydex Assets Ratio was lower at 23.20. On 04/26 the ratio reached 30.77. That is the highest ratio ever and a truly extreme reading.
Stocks>50dyma
Nyse 74% (unch), Nasdaq 51% (unch), R2000 58% (unch). Numbers >50 are supportive.
