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emini SP500 22nd September 2021

Posted on September 22, 2021 Written by Chart Prophet

pre-RTH-open on Tuesday the 4391.50 Resistance was tested but not exceeded. ES is currently in a weak position below that controlling price. Time above that Resistance would be the first sign of strength. There is v. minor Support today at 4362.

Sentiment: my version of the Rydex Assets Ratio was lower at 32.8. On 09/09, the ratio reached 38.63, the highest ever, indicating extremely hot sentiment.

Stocks>50dyma
Nyse 28%, Nasdaq 33%, R2000 31%. Numbers >50 are supportive

click chart to enlarge

Filed Under: emini SP500 (ES)

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