Daily Index Cycle update

It was a semi-holiday in market land, and its not surprising the indexes closed effectively flat, on what is possibly the lowest trading volume of the year.


sp'daily5

Summary

There is very little to add, other than the issue that the broader trends remain downward. The hourly index cycles are now primed for a major wave lower, and we could easily be trading in the sp'1360s tomorrow.

I hold short, and am seeking an exit in those 1360s, but my primary exit target for this bigger cycle remains sp'1345.

A little more later.