See previous highlighted comments. This week ES has broken below the 3366.50 controlling price with Value Areas being generated below that level on Wed and Thu. Weak position. No clear local Support. Bulls would want to see that poc recovered quickly.
Sentiment: My version of the Rydex Assets Ratio was almost unchanged at 14.83. The ratio reached 17.14 on 10/14, a 7month high. 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 Nyse 35% (from 29%), Nasdaq 45% (from 38%), R2000 43% (from 36%). Numbers >50 are supportive.
