ST: Last six Value Areas have been generated entirely above 4483, the minor control, which is a positive in the ST. This is First Level Support.
LT: The first sign of weakness in the LT would be a Value Area printed entirely below 4391.50, the 2month control.
Sentiment: On Thursday my version of the Rydex Assets Ratio reachewd 38.40. There is only one ratio higher than this which was on 30th July at 38.57. Sentiment is running very hot again.
Stocks>50dyma
Nyse 61%, Nasdaq 60%, R2000 60%. Numbers >50 are Supportive.
