ES emini starts the week in strong position

The low on 07/09 was a test of First Level Support at 3106.50. That has held. The first minor sign of weakness would be a day-session close below the low of the 07/10 Buying Day at 3126.50. As long as ES holds 3106.5 it is in a strong position in the ST. Longer-term Support is at 2926, the 2yr.

Key charts
FTSE 100: recent multiple rejections at 6312 (1/2R Resistance off last year’s high). Bulls would want to see that level recovered asap. Tested again last week, but not exceeded.
DAX: the 4yr is at 12240. Currently DAX prints above that level in a strong position. Has today printed its higherst level since 02/25.

Sentiment: My version of the Rydex Assets Ratio ended the week at 12.1. Previous week the ratio reached, the highet since 5th May. The ratio fell to 3.35 on 03/17, the lowest since early 2016. The ratio reached 28.62 on 12/27, the highest reading in my database.

Stocks>50dyma Nyse 70%, Nasdaq 67%, R2000 64%. Numbers >50 are supportive.