Wednesday’s Value Area was generated entirely above the 3366.50 controlling price, see yesterday’s comments. Bulls would want to see this level (now Support) hold.
Sentiment: My version of the Rydex Assets Ratio was slightly higher at 14.36 and has hardly moved in five days.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 51% (from 55%), Nasdaq 55% (from 57%), R2000 53% (from 61%). Numbers >50 are supportive.
