emini SP500 1st July 2020

Tuesday’s session opened just above 3036.5, the 10mn poc, and then immediately rallied. I wrote yesterday that “Bulls would want to see a VA printed back above that level” and that’s what we saw, with Aggressive Buying (green-at-top) being marked. A constructive day and as long as ES holds 3036.50 it is in a strong position.

Key charts
FTSE 100: recent multiple rejections at 6312 (1/2R Resistance off last year’s high). Bulls would want to see that level recovered asap.
DAX: the 4yr is at 12240. Currently DAX prints very close to that level.

Sentiment: My version of the Rydex Assets Ratio was slightly higher at 11.42. 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.

Stocks>50dyma Nyse 70% (from 65%), Nasdaq 72% (from 65%), R2000 71% (from 64%). Numbers >50 are supportive.