Friday, 30 May 2014

Daily Index Cycle update

US indexes closed with moderate gains, sp +10pts @ 1920. The two leaders - Trans/R2K, settled higher by 0.4% and 0.3% respectively. Near term outlook is for continued upside, with the weekly charts offering sp'1925/30 next week.





*most notable, new historic highs for the Trans and sp'500.

So..the broader multi-week up cycle continues, with ZERO sign of this levelling out..never mind actually rolling lower.

Clearly, this can't go on forever, but another few weeks....why not?

Closing update from Riley

a little more later...