The minor (14day) control moved higher to 4570. ES is printing below that level pre-RTH. A RTH close below 4529, the low of Monday’s Buying Day, would be a first indication of weakness.
Sentiment: my version of the Rydex Assets Ratio
has exploded to a new high of 48.19. I can check one day later that the data is accurate but that is what it is telling me now. If accurate it represents another extreme in bullish sentiment.
