Daily Index Cycle update

US equity indexes closed moderately mixed, sp +8pts @ 1966. The two leaders - Trans/R2K, settled +0.8% and -0.2% respectively. Near term outlook is for continued upside to the sp'2030s.. which should equate to VIX 16/15s. From there... things should get real interesting.


sp'daily5

Trans

Summary

*I've not adjusted the Trans daily trend line - as was broken on Friday. The break was pretty severe.. and we even back tested it today.

Rest of the indexes are suggestive of further upside. For now... I'm leaving the Trans chart unchanged.
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Little to add.

Best guess.. sp'2030s.. where the 50dma is lurking... before next rollover.

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a little more later...