Daily Index Cycle update

US indexes closed moderately higher, sp +2pts @ 2001. The two leaders - Trans/R2K, settled higher by 0.9% and 0.2% respectively. The Dow and Transports both broke new historic highs of 17221 and 8695 respectively. Near term outlook is for continued upside.


sp'daily5

Dow

Summary

Little to add.

Today was arguably day'2 of a new up cycle, one that looks to take us into next week, with further broad upside into early October.
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Closing update from Riley


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a little more later...