Tuesday, 20 October 2015

Daily Index Cycle update

US equity indexes closed fractionally higher, sp +0.6pts @ 2033 (intra high 2034). The two leaders - Trans/R2K, settled higher by 0.3% and 0.2% respectively. Near term outlook is for a test of the 200dma of sp'2059/60. Even if the market stalls and reverses.. it will not negate the threat of a second upside break attempt in Nov/Dec.



A very quiet day... and there really isn't anything to add.

a little more later...