In the ST, ES is currently holding above 3775.0, the v min controlling price, which is a sign of ST strength, see yesterday’s comments on chart. Price relative to that level is worth monitoring, above/below = strong/weak in the ST.
In the LT, ES is in a strong position if it holds above 3672. Significant Selling (red) being marked below that level would be the first sign of weakness in the longer time-frame.
Stocks>50dyma Nyse 81% (from 84%), Nasdaq 89% (from 91%), R2000 87% (from 89%). Numbers >50 are supportive.
