Friday’s VA was generated above 3479.0, the minor (10day) controlling price, see Freiday’s highlighted comments. Price relative to that level could be useful to monitor at the start of this week, above/below = strong/weak. Currently, pre-open, ES is printing above that level.
Stocks>50dyma Nyse 58%, Nasdaq 65%, R2000 61%. Numbers >50 are supportive.
Sentiment: My version of the Rydex Assets Ratio ended the week at 16.75 having reached 17.14 on Wednesday, a 7month high. The ratio fell to 3.35 on 03/17, the lowest since early 2016. The ratio reached 28.62 on 12/27, the highest reading in my database.
