Daily Index Cycle update

US indexes ended the week on a subdued note, sp -3pts @ 1988. The two leaders - Trans/R2K, both settled u/c. Near term outlook remains bullish, with the sp'2000s still likely, with broader upside to 2030/50 by late September.


sp'daily5

Dow

Summary

Unquestionably, another week for the equity bulls, with new historic highs in the sp'500. The Nasdaq Comp' managed a new post 2009 high.

Underlying MACD (blue bar histogram) cycle remains powerfully bullish. It will take some days just to get a bearish cross.

As things are, sp'2000s still look due...along with new highs in the Dow, Trans, and NYSE Comp'.
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a little more later...