The 1 month S/R is at 3670. Price relative to that level at the start of this week would be worth monitoring. Pre-open ES is printing above that level in a strong position.
There was a rejection of 3700 last Wednesday – I eliminated new longs until Significant Buying (green) is marked again, see highlighted comments on chart.
Sentiment: Last week. my version of the Rydex Assets Ratio was reached 20.50, the highest since February.
