US indexes closed moderately higher, sp +7pts @ 1885. The two leaders - Trans/R2K, settled higher by 0.8% and 1.0% respectively, with a new historic high for the Trans of 7919. Near term outlook is moderately bullish, with the sp'1910s viable later this week.
sp'daily5
R2K
Trans
Summary
It is most notable that the Transports broke a new historic high today in the 7900s, and this certainly bodes well for the equity bulls..at least in the near term.
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The R2K and Nasdaq both look set to break higher tomorrow..and it could be a pretty important break, which will open the door to a further 3-4 weeks of upside into the next FOMC of June'18.
Best case upside for the bulls is probably sp'1940/50 by mid June, but yes..that won't be 'easy'.
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a little more later...