Friday, 29 April 2016

Daily Index Cycle update

US equities closed on a particularly negative note, sp -19pts @ 2075 (intra high 2099). The two leaders - Trans/R2K, settled lower by -1.5% and -1.2% respectively. Near term outlook offers the 2060s, a break under the two soft lows of 2039/33 will very difficult.


Nasdaq comp'


sp'500: a day with two rather strong reversals.. from an early low of 2082 to 2099, but then rapid cooling into the close.. with an intra low of 2071

Nasdaq: a notable close below the 200dma.

a little more later...