The 4mn Support is at 4163. This held on a recent test and since then Aggressive Buyers (green) have been marked four times in eight days. A Value Area printed below 4163 would be a bearish development in the longer time-frame. A RTH close below the low of Monday’s Buying Day, 4264 (dashed), would be the first sign of weakness on the minor time-frame.
Sentiment: My version of the Rydex Assets Ratio is at 24.94. Down from 31.27 on 06/15, the highest ratio recorded, indicating extremely hot sentiment which is usually a warning sign in the longer-term.
Stocks>50dyma
Nyse 41% (from 44%), Nasdaq 52% (from 53%), R2000 44% (unch). Numbers >50 are supportive.
