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emini SP500 new high

Posted on January 8, 2021 Written by Chart Prophet

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.

Sentiment: My version of the Rydex Assets Ratio is at 18.19. Down from 21.00 reached last week, the highest ratio since late Feb. Market up and reatio down, like now, is usually ST bullish.

Filed Under: emini SP500 (ES)

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