Daily Index Cycle update

US equity indexes closed somewhat mixed, sp -1pt @ 1984 (intra low 1978). The two leaders - Trans/R2K, settled  -0.4% and -1.2% respectively. Near term outlook offers the low sp'1970s, before renewed upside into October.


sp'daily5

R2K

Summary

Suffice to say, there was some real disparity between the main indexes today. At one point, we had the Dow fractionally higher, whilst the R2K was lower by a rather significant -1.4%.

Broader outlook remains bullish, so long as the 1970s hold.
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Closing update from Riley



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a little more later...