Thursday, 12 November 2015

Daily Index Cycle update

US equity indexes closed moderately weak, sp -6pts @ 2075 (intra high 2086). The two leaders - Trans/R2K, settled lower by -0.4% and -0.8% respectively. Near term outlook offers the 2050s, with a full natural retrace to the 2020s viable early next week.




So.. equities are back on the slide.. and look set for another few days lower.. into early next week.

Equity bears should see 2% knocked off most indexes.. at best.. the sp'2020s.. before resuming higher.

Closing update from Riley

a little more later...