Daily Index Cycle update

US equities closed somewhat mixed, with the sp +5pts @ 1859. The two leaders - Trans/R2K, settled +0.4% and -0.4% respectively. Near term outlook is broadly bullish into mid/late March. with a primary target of sp'1880/1920.


sp'daily5

R2K

Trans

Summary

The late afternoon price action sure was pretty wild, but overall, it does little to dent the general up trend. Indeed, as we approach a key intermediate'3 top, I do expect somewhat increased intra-day swings.
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Closing update from Riley



a little more later...