Pre-open on 09/21 I identified 3220 as an area of Support. That held last week, see Value Areas. Significant Buying was marked twice. Pre-open today ES prints above 3330. Time below that Support, now proven, would indicate further weakness.
Stocks>50dyma Nyse 26%, Nasdaq 26%, R2000 23%. Numbers >50 are supportive.
Sentiment: 09/25: My version of the Rydex Assets Ratio ended the week at 12.20. On 09/01 the ratio reached 14.37, the highest since early March. 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.
Key charts
FTSE 100: is today printing back above 5870, the major poc.
DAX: the 4yr is at 12240. DAX has been in a range above that Support for three months.
