Daily Index Cycle update

US indexes closed moderately higher, sp +7pts @ 1871. The two leaders - Trans/R2K, settled higher by 0.7% and 0.4% respectively. Near term outlook offers minor downside, 1850/45, but there is underlying upward pressure, to the sp'1925/50 zone by late May.


sp'daily5

Summary

Little to add on what was a very quiet day.
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a little more later...