Six consecutive Value Areas have been generated entirely above 4163 (now 3mn controlling price) which is an indication of strength. ES has been consolidating above that important Support. In the ST, the six week controlling price is at 4197 and price relative to this level is worth monitoring.
Sentiment: My version of the Rydex Assets Ratio was higher at 29.38. There are only 9 readings higher then this. On 04/26 the ratio reached 30.77. This is the highest ratio ever and a truly extreme reading.
Stocks>50dyma
Nyse 77%, Nasdaq 62%, R2000 68%. Numbers >50 are supportive.
