Daily Index Cycle update

The market ended the week on a pretty positive note, sp +10pts @ 2102. The two leaders - Trans/R2K, settled higher by 0.7% and 0.4% respectively. Near term outlook is bullish... with viable upside to the 2150/75 zone by late May. This is simply... no market for the bears.


sp'daily5

R2K

Trans

Summary

Little to add...

All daily MACD (blue bar histogram) cycles are turning upward.. and bode for further upside next week.

One interesting thing will be whether the Trans can break a new high in May... or June. As 'old leader', Trans continues to warn that all is not quite as bullish as things might seem.
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Closing update from Riley


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a little more later..