The 2mn has migrated higher again – up to 4391.50. First sign of weakness now would be a Value Area below that level. Significant Sellers (red) have not been marked for 30 days.
Sentiment: On Friday, my version of the Rydex Assets Ratio reached 38.57, the highest ratio recorded, indicating extremely hot sentiment. Lower on Monday to 34.0.
Stocks>50dyma
Nyse 38% (from 41%), Nasdaq 40% (from 42%), R2000 37% (from 39%). Numbers >50 are Supportive
