Daily Index Cycle update

US equities closed the week on a positive note, sp +8pts @ 1838. The two leaders - Trans/R2k, settled higher by 0.3% and 0.1% respectively. Near term outlook is bullish into next week, with a viable Tuesday gap higher - straight to new historic highs, in the 1850s


sp'daily5

R2K

Trans

Summary

It really has been an especially powerful move of over 5%, across the last 8 trading days.

Suffice to say...I'm holding to the original outlook, broad upside into the spring.

Current best guess..a key high in the sp'1880/1920 zone. A key turn around the time of the next FOMC - March'19 - when QE-taper'3 will probably be announced, seems very viable.
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Closing update from Mr TopStep


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a little more later...