In the ST, price relative to the 1 month Support at 4197 is worth monitoring at the start of the week. In the longer-term, as long as ES holds the 3mn Support at 4163 it is in a strong position. ES has been consolidating above that level for two weeks, which is a positive indication.
Sentiment: My version of the Rydex Assets Ratio ended the week at 22.50. On 04/26 the ratio reached 30.77. This is the highest ratio ever and a truly extreme reading.
Stocks>50dyma
Nyse 73%, Nasdaq 59%, R2000 62%. Numbers >50 are supportive.
