emini SP500 holding higher levels at the start of this week

emini SP500 holding higher levels at the start of this week. On 05/14, There was a brief, rejected test of First Level Support at 2786, the 1/2R off this year’s high (dashed line on chart) and ES moved strongly higher from there. 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.

FTSE: the major poc is at 5870 and FTSE is printing above that level in a stronger position. Resistance at 6312, 1/2R off last year’s high.
IWM: at a second attempt, IWM has moved to a stronger position above 134.60, the 1/2R Resistance which is now Support.
TLT: 6mn poc is at 165.36. TLT is printing below that level in a weak position. Futures indicate TLT will open lower today.

Sentiment: My version of the Rydex Assets Ratio ended the week at 9.25. 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 87%, Nasdaq 87%, R2000 86%. Numbers >50 are supportive.