Tuesday, 27 October 2015

Daily Index Cycle update

US equities closed moderately mixed, sp -4pts @ 2071 (intra low 2066). The two leaders - Trans/R2K, settled -0.2% and -0.6% respectively. Near term outlook offers the 2080/90s before a probable retrace. Post FOMC/GDP downside target is the sp'2000 threshold.




Little to add.

Transports is still threatening a move to the 200dma... along with sp'2080/90s... before first significant opportunity of a turn lower.

a little more later...