Pre-open comment Wednesday 22nd December
Significant Buyers were marked again on Tuesday, Aggressively auctioning ES to a new high.
First Level S/R = 1249 (minor 2day poc)
More important Support = 1238.50
ST Sentiment: My version of the Rydex Assets Ratio fell to 2.7. The ratio reached 3.39 last week which was the second highest level I have in my database.
Supporting Charts
? EURUSD: Appears to have found support for last three days at 1.3087, the 1/2R off the June low. Supportive for equities if this level holds but printing value below this level would be bearish.
? UDX: currently prints just above the 80.15 major 1/2R.
+ TLT: currently prints below the 95.33 maj poc.
imo these charts are mixed – will the EURUSD or the Dollar index break support?
