Value Areas this week have been generated
entirely above 4163 (3mn controlling price) which is an indication of strength. ES has been consolidating above that impoartant Support. Bulls would want to see ES hold that level or recover quickly from a test.
Sentiment: My version of the Rydex Assets Ratio was .higherat 26.13. On 04/26 the ratio reached 30.77. This is the highest ratio ever and a truly extreme reading.
Stocks>50dyma
Nyse 70% (from 63%), Nasdaq 53% (from 46%), R2000 56% (from 47%). Numbers >50 are supportive.
