Daily Index Cycle update

US equities closed moderately weak, sp -9pts @ 2092 (intra high 2107). The two leaders - Trans/R2K, settled -0.7% and +0.1% respectively. Near term outlook remains bullish, with new historic highs due for all indexes.


sp'daily5

R2K

Summary

A moderate net daily decline for most indexes, but overall.. it is arguably just another minor retracement within a broader up trend.

There is simply nothing bearish here.
--

Closing update from Riley


--
a little more later...