The last eight Value Areas have all been generated above the important Support at 4163 (3mn controlling price) and, as I wrote yesterday, as long as ES holds this level it is in a strong position in the longer timeframe.
Sentiment: My version of the Rydex Assets Ratio was almost unchanged at 29.1. On 04/26 the ratio reached 30.77. This is the highest ratio ever and a truly extreme reading.
Stocks>50dyma
Nyse 72% (from 75%), Nasdaq 57% (from 59%), R2000 62% (from 64%). Numbers >50 are supportive.
