Wednesday, 3 September 2014

Daily Index Cycle update

US indexes closed moderately mixed, sp -1pt @ 2002 (new historic high 2006). The two leaders - Trans/R2K, settled higher by 1.3% and 0.4% respectively. Near term outlook is for the sp'2030s which are viable in the latter part of this week.





It is notable that the Transports also broke a new historic high today of 8519. The 8600/700s look very likely in the near term.

There looks to be a clear 2-3% higher viable for most indexes across the next few weeks.

Closing update from Riley

a little more later...