Pre-open Wednesday 10th February
ES has been printing in the area most likely to cause the poc to migrate lower (around 1064) which would be a significant development but has not yet occurred.
ST sentiment indicators: On Tuesday my version of the Rydex Assets ratio fell from 1.31 to 1.21 and the Rydex Investor Class Money Market assets hit a 20week high. That’s another slight increase in fear and further improves the chances for a rally here (contrarian) but still no appearance from the Significant Buyers (green).
