Daily Index Cycle update

The main indexes all melted moderately higher into the weekend, with the R2K leading with gains of 0.9%. There are possible baby bull flags on a number of indexes, and there is an easy 1% upside across next Mon/Tuesday. For the bears, this is no market to be shorting.


R2K

SP'daily'5

Trans

Summary

As I expected last weekend, with no significant news, the algo-bots had almost total free reign/control of this low volume market. Essentially, five days of algo-bot melt to the upside.

*I closed out a USO (Oil long) position in the afternoon after a surprising little hyper-ramp, and will seek to go long again next week.

There is at least a 'little news', so price action will be at least a bit more active/volatile, not least since it is opex.

Goodnight from London
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*next main posting, late Saturday, probably on the World monthly index charts.