At the RTH open on Thursday, ES briefly tested 4367 from below and then ran lower. On Friday that area of Resistance was still a problem, see chart. As I wrote pre RTH on Wednesday “Bulls want ES printing above that level”.
In the very minor timeframe, 4329 is worth monitoring today. It may attract time early in the session but if ES can hold above that level another attempt at the 4367 Resistance would be on.
Sentiment: my version of the Rydex Assets Ratio ended the week at 32.92, down from 38.63 on 09/09, the highest ratio ever, indicating extremely hot sentiment.
