ES has recovered back above 3671.50, the 1 month S/R. That level is now Support. There was a rejection of 3700 last week – I eliminated new longs until Significant Buying (green) is marked again. ES will print above 3700 today. There is time Resistance around 21st as previously mentioned.
Sentiment: Last week. my version of the Rydex Assets Ratio was lower at 19.07 having reached 20.50 last week, the highest since February.
Stocks>50dyma Nyse 84%, Nasdaq 86%, R2000 89%. Numbers >50 are supportive.
