Daily Index Cycle update

US indexes generally closed higher for the 7th day of 9, sp +4pts @ 1986. The two leaders - Trans/R2K, settled +0.5% and -0.4% respectively. Near term outlook offers sp'2000, before a likely minor 2-3 day down wave of around 2%.


sp'daily5

R2K

Trans

Summary

Little to add.

It was merely just another day for Mr Market, some minor chop, but with the usual underlying upward pressure.

Trans, Dow, SP' all look set to break new historic highs within the near term.
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Closing update from Riley



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a little more later...