Daily Index Cycle update

US indexes saw minor price chop across the day, sp -4pts @ 1875. The two leaders - Trans/R2K, settled +0.1 % and -0.7% respectively. Near term outlook is for the broader upward trend to continue into next Wednesday's FOMC.


sp'daily5

Summary

A somewhat tiresome day, and there really isn't much to note on the broader market.

Price action very much favours the equity bulls. There just seems a lack of any real downside power, and even the sp'1850s look out of range.
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a little more later...