• Home

chartprofit.com

Daily analysis - Stock Market, Bonds, Forex and more

emini SP500 3rd May 2021

Posted on May 3, 2021 Written by Chart Prophet

I’ve written that I’m staying bullish with the trend but would change that view very quickly with a RTH close below 4117.50 (dotted line), the low of the most recent Buying Day. I stay with that view.

Dayframe: late last week, the minor Support moved higher to 4181.0 – worth monitoring. The low overnight has been 4181.50.

Sentiment: My version of the Rydex Assets Ratio reached 30.77 last week. This is the highest ratio ever and a truly extreme reading.

Stocks>50dyma
Nyse 72%, Nasdaq 55%, R2000 59%. Numbers >50 are supportive.

click chart to enlarge

Filed Under: emini SP500 (ES)

Archives

Copyright © 2025 · Focus Pro Theme on Genesis Framework · WordPress · Log in