On 11/04 ES moved into a strong position above the 3366.50 controlling price which is now important LT Support.
On Wednesday I marked Aggressive Selling (red) auctioning price back to the minor controlling price at 3551.0 (tested pre-open). Time spent below that level would increase the chances of re-testing 3366.50 so Bulls would hope to see price making progress above 3551 asap.
Sentiment: My version of the Rydex Assets Ratio was almost unchanged at 18.28. Tuesday’s ratio at 18.76 was the highest since February.
Stocks>50dyma Nyse 85% (from 89%), Nasdaq 77% (from 80%), R2000 84% (from 87%). Numbers >50 are supportive.
