Pre-open Wednesday 17th March
Note: I stated previously that data was now based on the June contract. That was incorrect. I am still using the March contract data. This will change soon.
Significant Buyers were active again on Tuesday, Aggressively auctioning ES higher (green-at-top).
First Level S/R moves up to the level of the 5day poc at 1150.
ST sentiment: I said yesterday that if the SP500 index breaks out convincingly I would expect the Rydex Bulls to markedly increase. Well it did, but my version of the Rydex Assets ratio was actually down very slighty from 2.26 to 2.25.
