Dayframe: Aggressive Buying was marked. First sign of weakness would be a day session close below 3047.50, Tuesday’s low.
First Level Support is now at 2926.0, the 2yr poc. The most important Support is at 2719, the maj poc. ES needs to hold this level to maintain a strong position in the longer timeframe.
Bonds TLT: 6mn poc is at 165.36. TLT is printing below that level in a weak position.
Sentiment: My version of the Rydex Assets Ratio was higher at 10.56, a 3month high. The index fell to 3.35 on 03/17, the lowest since early 2016. The index reached 28.62 on 12/27, the highest reading in my database.
Stocks>50dyma numbers: Nyse 91% (from 90%), Nasdaq 88% (from 87%), R2000 87% (from 86%). Numbers >50 are supportive.
