The 10day Support has moved to 4226. ES needs to hold this level to maintain a strong position in the dayframe.
Next Support is at 4197 and in the longer-term, the 3mn Support is at 4163. ES has been consolidating above that level for two weeks, which is a positive indication.
Sentiment: My version of the Rydex Assets Ratio was higher at 29.48. This is not too far away from the all-time high ratio of 30.77 on 04/26.
Stocks>50dyma
Nyse 73% (from 71%), Nasdaq 65% (from 62%), R2000 69% (from 64%). Numbers >50 are supportive.
