The 4mn Support is at 4163. We have yet to see a Value Area printed below that level – see chart. Should that happen it would be a bearish development in the longer time-frame. There is minor Support at 4197.
Sentiment: My version of the Rydex Assets Ratio was lower at 25.48. On 06/15 the ratio reached 31.27, the highest ratio recorded indicating extremely hot sentiment.
Stocks>50dyma
Nyse 44%, Nasdaq 48%, R2000 45%. Numbers >50 are supportive.
