Daily Index Cycle update

US indexes closed a little lower, sp -6pts @ 2001 (intra low 1995). The two leaders - Trans/R2K, settled -0.3% and +0.2% respectively. Near term outlook is for continued broader upside, to the sp'2030/50 zone.


sp'daily5

NYSE Comp'

Summary

On what was a quiet day, there is very little to add.

Price structure on most indexes is a rather simple large bull flag.. suggestive of upside into mid/late September.
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Closing update from Riley



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a little more later...