Daily Index Cycle update

US equities unravelled into the monthly close, sp -26pts @ 1994. The two leaders - Trans/R2K, settled lower by -2.3% and -2.1% respectively. Near term outlook is increasingly bearish, and the door opening to the sp'1920/00 zone by mid February.


sp'daily5

R2K

Trans

Summary

Suffice to say... an ugly end to the week.. and month.

The two leaders - R2K/Trans, both have breaks of rising trend... and frankly.. near term outlook is increasingly dire - as supported (finally) by both the weekly AND monthly cycles.

Lets be clear.. the door is now opening to the sp'1920/00 zone.. within the next two weeks. Certainly, I didn't expect this, but that is how it is.

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a little more later...