Daily Index Cycle update

US equities closed with borderline significant declines, sp -17pts @ 2044 (intra low 2038). The two leaders - Trans/R2K, settled lower by -1.1% and -0.9% respectively. Near term outlook offers another push higher into the next opex, into the sp'2100s.


sp'daily5

R2K

Summary

Two powerful up days... with Friday seeing borderline significant declines. Overall.. it remains somewhat 'mixed'... but the broader trend remains a series of higher highs.. and higher lows.

This remains no market for those seeking consistent and significant downside.
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Closing update from Riley


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a little more later...