Market Analysis, Charts, Macro-Economics, and other nonsense
Friday, 15 August 2014
Daily Index Cycle update
US indexes closed higher for the fourth day in five, sp +8pts @ 1955. The two leaders - Trans/R2K, settled +0.7% and +0.1% respectively. Near term
outlook is for sp'1965/70 zone.. before the first chance of a minor
retrace. The 2000s look very likely in September.
sp'daily5
Dow
Summary
Dow looks set for the 50 day MA in the 16850s... which would likely equate to sp'1970.
Those who are looking for an IHS... should be seeking a retrace from 1980/90s...down to 1950/40.
