Saturday, 16 April 2016

Daily Index Cycle update

US equity indexes closed moderately mixed, sp -2pts @ 2080. The two leaders - Trans/R2K, settled u/c and +0.2% respectively. Near term outlook offers 2065/61 gap zone on Monday. Equity bears should be battling for a break of soft rising trend.. which by the Wed' close will be around 2057.





sp'500: minor chop to end the week, settling just under the late Dec'2015 high of 2081.

Dow: the second day of minor chop, settling under the critical Nov'2015 high of 17977.

Nasdaq: a second day of chop, but managing a weekly close within the important gap zone of the 4900s.

a little more later...