Daily Index Cycle update

US equity indexes end the week and month on a rather positive note, sp +46pts @ 1940. The two leaders - Trans/R2K, settled higher by 3.0% and 3.2% respectively. Near term outlook continues to offer the 1940/70 zone... before the high probability of a crash wave in March.


sp'daily5

Trans

Summary

Suffice to add, the bull flag played out on the sp'500, and we've seen rather powerful gains to end the week/month.

It would seem the 1950s look an easy target early next week. The 1960/70s look more viable in the week of Feb'8th.

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a little more later...