Tuesday, 5 April 2016

Daily Index Cycle update

US equity indexes closed moderately weak, sp -6pts @ 2066 (intra high 2074). The two leaders - Trans/R2K, settled lower by -0.9% and -0.8% respectively. Near term outlook offers the sp'2020/15 zone... once rising trend/support (sp'2055 at the Tuesday open) has been broken.


Nasdaq comp'


Little to add.

The broad upward trend from the Feb'11th low remains intact.

However, a 4-5% retrace for all indexes is due.

a little more later..