Saturday, 30 January 2016

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.




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.

a little more later...