Wednesday’s RTH found Support at 4391.50 (the 2mn controlling price). First sign of weakness would be a Value Area printed entirely below that level. Significant Sellers (red) have not been marked for 32 days.
Sentiment: On Friday, my version of the Rydex Assets Ratio reached 38.57, the highest ratio recorded, indicating extremely hot sentiment. Wednesday’s ratio was 31.7.
Stocks>50dyma
Nyse 36% (from 43%), Nasdaq 38% (from 43%), R2000 32% (from 40%). Numbers >50 are Supportive
