Wednesday, 16 March 2016

Daily Index Cycle update

US equity indexes closed broadly weak, sp -3pts @ 2015. The two leaders - Trans/R2K, settled lower by -0.6% and -1.6% respectively. Near term outlook offers another push higher.. but then maxing out, before cooling across the latter half of the month.




*the Dow was the notable exception today, managing a minor gain of 0.1%, making for a third consecutive net daily gain.. and holding above the 200dma.

As for the sp'500, and the rest of the market, we're almost certainly very close to a short/mid term top.

a little more later...