US indexes closed the week moderately higher, sp +3pts @ 1960. The two leaders - Trans/R2K, settled higher by 0.3% and 0.7% respectively. There remains minor opportunity for a down wave to sp'1940, before new historic highs in July.
sp'daily5
R2K
Trans
Summary
The broader trend remains very much to the upside. I'm still somewhat suspicious that the market will see a minor test of the sp'1940 level early next Mon/Tuesday, but really, that is a mere 1% lower.
Certainly, there seems absolutely zero chance of the big 1900 threshold being broken in the near term... even by end July seems doubtful.
a little more later...