Daily Index Cycle update

It was just another quiet day in market land, with the sp'500 settling -0.3pts @ 1883 (intraday peak 1888). The two leaders - Trans/R2K, settled +0.6% and -0.1% respectively.  Near term outlook is for sp'1895/1905, which will likely equate to VIX in the 12/11s.


sp'daily5

Dow

Nasdaq Comp'

Summary

The battered tech' index has already taken a peek above declining resistance, and frankly, the 4200s look an easy target tomorrow..or early next week.

Equity bears were entirely absent yesterday, and today was no different.
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a little more later....