The 3mn controlling price at 4163.0 has capped the upside this week. On Tuesday there was a RTH close below 4135, Friday’s Buying Day low, and this is an indication of weakness. ES printing time below 4163 increases the chance it will test the next Support at 3897.
Sentiment: My version of the Rydex Assets Ratio was almost unchanged at 23.56. On 04/26 the ratio reached 30.77. That is the highest ratio ever and a truly extreme reading.
Stocks>50dyma
Nyse 64% (from 70%), Nasdaq 46% (from 48%), R2000 49% (from 53%). Numbers >50 are supportive.
