Wednesday, 2 March 2016

Daily Index Cycle update

US equity indexes closed powerfully higher, sp +46pts @ 1978. The two leaders - Trans/R2K, settled higher by 2.1% and 2.0% respectively. Near term outlook offers further upside to the 1980/90s, with 2K more viable next week. A peak around mid March looks on track, before a critical rollover.




Suffice to add, most indexes look set for a test of their respective 200dmas by mid March.

From there, things should get real interesting.

a little more later...