Monitoring price relative to the 1 month S/R at 3671.50. As I write, a few minutes after the open, ES has printed higher, close to that Resistance, but not exceeded it.
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 20.31 having reached 20.50 last week, the highest since February.
Stocks>50dyma Nyse 80%, Nasdaq 84%, R2000 85%. Numbers >50 are supportive.
