Monday’s RTH session generated a value Area entirely above 4163, the 3mn controlling price, which is an indication of strength, see yesterday’s pre-open comments. That level is now important Support.
Sentiment: My version of the Rydex Assets Ratio was higher at 25.45. On 04/26 the ratio reached 30.77. This is the highest ratio ever and a truly extreme reading.
Stocks>50dyma
Nyse 70% (from 68%), Nasdaq 53% (from 52%), R2000 56% (from 54%). Numbers >50 are supportive.
