Wednesday’s RTH found Support at 4391.50 (the 2mn controlling price). Value Areas from there have been higher. First sign of weakness would be a Value Area printed entirely below 4391.50. Significant Sellers (red) have not been marked for 34 days.
Sentiment: On Friday 30th July, my version of the Rydex Assets Ratio reached 38.57, the highest ratio recorded, indicating extremely hot sentiment.
Stocks>50dyma
Nyse 49% (from 44%), Nasdaq 47% (from 41%), R2000 46% (from 40%). Numbers >50 are Supportive.
