Daily Index Cycle update

US indexes closed moderately lower, sp -4pts @ 1973. The two leaders - Trans/R2K, settled lower by -0.3% and -0.4% respectively. Near term outlook offers the 1960/50 zone, before new historic highs, to the sp'1990/2000s.


sp'daily5

R2K

Trans

Summary

It remains a bit choppy. One day up.... one day down.

In the grand picture... all the bears are managing is sideways chop, whilst the daily/weekly cycles partly reset.

The broader upward trend...remains fully intact.
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a little more later...