Tuesday, 14 July 2015

Daily Index Cycle update

US equities closed significantly higher, sp +22pts @ 2099. The two leaders - Trans/R2K, both settled higher by 1.1%. Near term outlook offers moderate threat of downside to 2085/80... but regardless of any Tues/Wed weakness, the broader trend looks bullish into early August.




Suffice to say... market is battling upward from the double floor of sp'2044...  new historic highs (in some.. but not all indexes) look due into early August.

From there.. things should (in theory) get real interesting.

a little more later...