The 4mn Support is at 4163. This held on the recent decline. A Value Area printed below that level would be a bearish development in the longer time-frame. There is minor Support at 4197. Aggressive Buying (green) was marked again on Friday. A RTH close below the low of that Buying Day, 4260.75 (dashed), would be the first sign of weakness on the minor time-frame.
Sentiment: My version of the Rydex Assets Ratio finished the week at 26.71. On 06/15 the ratio reached 31.27, the highest ratio recorded, indicating extremely hot sentiment.
Stocks>50dyma
Nyse 53%, Nasdaq 59%, R2000 54%. Numbers >50 are supportive.
