Daily Index Cycle update

US equities closed the week with some minor chop, sp +6pts @ 2003. The two leaders - Trans/R2K, settled u/c and +0.7% respectively. Near term outlook is for the sp'2020s, with 2030/50 in the latter half of September.


sp'daily5

Dow

Summary

Little to add.

A bullish month...a bullish week...and most indexes even managed some tiny gains to end the week.

There is clearly some way to go to test the upper channel on most indexes, probably another 2-3%.
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Closing update from Riley


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a little more later...