emini SP500 30th June 2020

Last two Value Areas have been generated below 3036.5, the 10mn poc, = weak position. Bulls would want to see a VA printed back above that level. If there is further weakness this week then hopefully the minor Value Area Low at 2951 would reject a test but First Level Support in the longer timeframe is lower at 2926.

Key charts
FTSE 100: recent multiple rejections at 6312 (1/2R Resistance off last year’s high). Bulls would want to see that level recovered asap.
DAX: the 4yr is at 12240. Currently DAX prints very close to that level.

Sentiment: My version of the Rydex Assets Ratio was slightly higher at 11.0. 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.

Stocks>50dyma numbers: Nyse 65% (from 49%), Nasdaq 65% (from 53%), R2000 64% (from 48%). Numbers >50 are supportive.