Daily Index Cycle update

US indexes settled moderately higher, sp +5pts @ 1992. The two leaders - Trans/R2K, settled -0.4% and +0.2% respectively. Near term outlook is for the sp'2000s, with 2010/20s viable by late August.


sp'daily5

R2K,

Trans

Summary

The most notable aspect of today, the morning rebound in the R2K. An early decline of -1.0%, but managing to quickly claw to flat...and settling a touch higher.

The sp' breaking a new historic high is merely reflective of what the Nasdaq accomplished last week. Dow/Trans both look set to set to follow within days.
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a little more later...