First sign of weakness would be a Value Area printed entirely below 4391.50 (the 2mn controlling price). Significant Sellers (red) have not been marked for 31 days.
Sentiment: On Friday, my version of the Rydex Assets Ratio reached 38.57, the highest ratio recorded, indicating extremely hot sentiment. Tuesday’s ratio was close at 38.13.
Stocks>50dyma
Nyse 43% (from 38%), Nasdaq 43% (from 40%), R2000 40% (from 37%). Numbers >50 are Supportive.
