Daily Index Cycle update

The main indexes saw the usual minor morning declines, but a latter day melt higher. The Dow closed higher for the ninth consecutive day. With the VIX back in the 11s, the bulls remain firmly in control, although the weekly charts are warning of trouble in about 1-2 weeks.


Dow

Sp'daily5

Trans

Summary

*special note on the transports, which I had failed to check all day. The tranny was massively strong, closing +1.6%, in the 6200s. Is the old leader again warning of upside in the main indexes for Thursday and Friday?
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There isn't too much to say really, other than the usual 'primary trend is still up'.

Thursday..and especially Friday are major POMO days, and I'm highly suspicious that we'll close in the sp'1565/75 area to conclude the week.

a little more later...