Daily Index Cycle update

The main indexes closed moderately higher, with the sp +7pts to settle at 1848. The two leaders - Trans/R2K, closed higher by 0.7% and 0.3% respectively. The outlook is broadly bullish into mid/late January, where the monthly charts will be offering Dow 17000, and sp'1875/1900.


sp'daily5

Dow

Trans

Summary

..and another year comes to a close. Certainly, the hyper-ramp from the Oct' 2011 low of sp'1074 continues. This is month'26 UP, and there is simply no sign of this levelling out yet.

Indeed, seasonally, the bears probably have another 3-4 months to wait.

A key multi-month peak is anticipated no earlier than March...and more likely April/May. From a target zone of sp'1950/2050, I will be seeking broad downside to around 1625/1575, no later than Oct'2014.
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Closing update from MrTopStep



a little more later...