See previous highlighted comments on chart. Overnight ES has broken below the 3366.50 controlling price and declined sharply, below 3320.
Sentiment: My version of the Rydex Assets Ratio was slightly lower at 15.83. The ratio reached 17.14 on 10/14, a 7month high. The ratio fell to 3.35 on 03/17, the lowest since early 2016. The ratio reached 28.62 on 12/27, the highest reading in my database.
Stocks>50dyma Nyse 44% (from 52%), Nasdaq 55% (from 58%), R2000 51% (from 58%). Numbers >50 are supportive.
