emini SP500 analysis
Please read highlighted comments. Britain voted to leave the EU and overnight risk assets sold off sharply with ES testing the 2000 level. A rally from there has twice tested the 2041 poc and as of thirty minutes pre-open ES has not printed any time above this level. More in video.
Support/Resistance = 2041.00 (poc)
Stocks>50dyma numbers: Nyse 69% (from 56%), Nasdaq 61% (from 49%), R2000 65% (from 54%). Numbers >50 are supportive.
Sentiment: My version of the Rydex Assets Ratio was lower at 4.14 (from 4.52). On 04/26 the ratio reached 5.27 which was the highest level since early January. On 02/19 the ratio fell to 2.64 which was the lowest since November 2012.
Supporting Charts:
see today’s video
click to enlarge graphic
