Daily Index Cycle update

US indexes saw a latter day recovery, sp'500 swinging from 1990, settling +10pts @ 2007. The two leaders - Trans/R2K, settled higher by 0.6% and 0.3% respectively. Near term outlook offers the sp'2030/50 zone.


sp'daily5

R2K

Trans

Summary

Notable gains in the 'old leader' - Trans', breaking into the 8600s. There looks to be upside to 8700/750 across the next two weeks.

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Closing update from Riley



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a little more later...