Daily Index Cycle update

US equities closed a little higher, sp +7pts @ 1995. The two leaders - Trans/R2K, settled higher by 0.1% and 0.6% respectively. Near term outlook offers the low sp'1970s, with VIX 15s... before new highs later in the month.


sp'daily5

R2K

Summary

Suffice to say, the R2K remains a real laggard. The 1080 threshold remains critical. All doomer bears seeking a major sign of 'trouble ahead' for the autumn need to see a decisive break of 1080.

Right now, considering the 'minor chop' price action, that look unlikely this month.
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a little more later...