Daily Index Cycle update

US indexes closed moderately mixed, sp +1pt @ 1997. The two leaders - Trans/R2K, settled higher by 0.4% and 0.6% respectively. Near term outlook still offers a minor down wave to the low sp'1970s, before the primary upward trend reasserts itself.


sp'daily5

R2K

Summary

Little to add, on what was a pretty subdued day.

The daily candle for most indexes was something of a spike floor, and is suggestive of at least some further upside early Friday.
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a little more later....