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emini SP500 4th November 2020

Posted on November 4, 2020 Written by Chart Prophet

For what it’s worth on this potentially highly volatile day, price relative to the 3366.50 controlling price (Support as I write) is worth monitoring.is worth monitoring.

Sentiment: My version of the Rydex Assets Ratio was lower at 13.97. 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 55% (from 43%), Nasdaq 57% (from 47%), R2000 61% (from 49%). Numbers >50 are supportive.

Filed Under: emini SP500 (ES)

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