I’ve written that I’m staying bullish with the trend but would change that view very quickly with a RTH close below 4117.50 (dashed line), the low of the most recent Buying Day. I stay with that view.
Dayframe: minor Support moved higher to 4181.0 – worth monitoring.
Sentiment: My version of the Rydex Assets Ratio was almost unchanged at 30.75. Monday’s ratio at 30.77 was is the highest reading ever and a truly extreme reading.
Stocks>50dyma
Nyse 79% (from 76%), Nasdaq 64% (from 63%), R2000 67% (from 65%). Numbers >50 are supportive.
