US equity indexes closed moderately higher, sp +6pts @ 2057 (intra low 2039). The two leaders - Trans/R2K, settled higher by 0.9% and 0.6% respectively. Near term outlook is borderline, but remains broadly bearish unless a break >2080. Best case short term downside is the 2000/1990s, before the next sig' bounce of around 3-4%.
sp'500: a moderate net daily gain, managing to close above the 50dma. The daily candle with a spike floor offers initial upside next week to the 2060s... before next opp' for renewed downside. Next support is the 2033 low... from there.. 2000/1990s.
R2K: a test of the 50dma.. and closing with borderline sig' gains. The 200dma and 10ma will offer resistance in the 1120/30s next week. Viable downside to the 1070/50 zone.
Trans: despite a net daily gain, a weekly close under the 200/50dmas.
a little more later...