Daily Index Cycle update

The main indexes closed somewhat mixed, sp +2pts @ 1840. The two leaders - Trans/R2K, settled -1.0%  and +1.1% respectively. Near term outlook is for the market to continue higher, with the sp' breaking above the historic high of 1850, and proceeding to the 1880/1920 zone by mid/late March.


sp'daily5

R2K

Trans

Summary

Little to add.

Broader trend remains to the upside.

Yes, the trans - old leader, closed lower, but the other indexes are all comfortably holding together.
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Closing update from Mr Riley



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a little more later..