Daily Index Cycle update

US indexes closed somewhat mixed, with the sp'500 +0.5pts @ 1868. The two leaders - Trans/R2K, settled moderately higher, by 0.3% and 0.4% respectively.  Near term outlook remains slightly bullish, with new highs viable into the next FOMC of March'19.


sp'daily5

R2K

Trans

Summary

The morning declines were marginally interesting, but we are still holding the primary up trend.

I've left the R2K chart unchanged, with a break of trend, and maybe the R2K will fail to break a new high next week, even if the other indexes do.

Regardless, I'm seeking a key peak next Wednesday, before the first opportunity of a more dynamic decline.

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a little more later...