On 07/22 the 2mn moved to 4353.0. The last six value Areas have been generated entirely above that level which is a positive indication. First sign of weakness would be a Value Area below 4353. Significant Sellers (red) have not been marked for 29 days.
Sentiment: On Friday, my version of the Rydex Assets Ratio reached 38.57, the highest ratio recorded, indicating extremely hot sentiment.
Stocks>50dyma
Nyse 41% (from 45%), Nasdaq 42% (unch), R2000 39% (from 42%). Numbers >50 are Supportive.
