Daily Index Cycle update

US equities broke a trio of new index highs, in the Dow, Trans, and sp'500 (2034), settling +0.6pts @ 2031. The two leaders - Trans/R2K, settled u/c and +0.1% respectively. Near term outlook offers a minor retrace to the 50dma in the sp'1970s.


sp'daily5

R2K

Trans

Summary

Little to add.

New highs.. almost every day... the hyper-ramp from Oct'15th continues... 214pts across 18days... truly incredible.
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Closing update from Riley



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a little more later...