Daily Index Cycle update

The main indexes broke new highs, notably the Nasdaq Comp' @ 4000. The closing hour was weak, and the sp'500 settled -2pts @ 1802, having put in an intra day double top of 1808. Near term looks weak, whilst the broader trend remains outright bullish.


sp'daily5

Nasdaq Comp'

Summary

There really isn't much to note.

Equity bulls achieved the big 4k on the Nasdaq, and most of the other indexes broke new historic highs.

Best guess is that sub'5 of 3' has completed @ sp'1808, and there is near term downside to the 1770s..before resuming higher into the 1825/50 zone by end year.
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a little more later...