Daily Index Cycle update

US equities closed moderately mixed, sp -5pts @ 1972 (intra range 1969/85). The two leaders - Trans/R2K, settled -0.5% and -1.4% respectively. Near term outlook is somewhat mixed, but with the bears recently failing to display any sig' downside power, new highs look likely.


sp'daily5

R2K

Summary

*the R2K got hit hard in the closing minutes, I'm not sure if this was due to index-rebalancing or some kind of major sell order.
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So... today was bit of a real mess. I would think few traders will have escaped being chopped to pieces with today's price action.

Overall though, equity bears are failing to show any real strength, and it'd seem new index highs are viable in October... well, except in the R2K.
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Closing update from Riley

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a little more later...