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 higher at 30.30. Close to the ratio on 06/15 when it reached 31.27, the highest ratio recorded indicating extremely hot sentiment.
Stocks>50dyma
Nyse 42% (from 44%), Nasdaq 50% (from 48%), R2000 46% (from 45%). Numbers >50 are supportive.
