ST: Friday’s Value Area was generated entirely above 4483, the minor control, that was a positive in the ST. That level is now First Level Support.
LT: The first sign of weakness in the LT would be a Value Area printed entirely below 4391.50, the 2month control.
Sentiment: my version of the Rydex Assets Ratio was sharply higher at 37.68, up from 27.71. This is close to 38.57, the highest recorded ratio on 30th July.
Stocks>50dyma
Nyse 57% (unch), Nasdaq 61% (from 58%), R2000 60% (from 58%). Numbers >50 are Supportive.
