Daily Index Cycle update

US indexes closed significantly higher, sp +17pts @ 1904. The two leaders - Trans/R2K, settled higher by 1.0% and 1.1% respectively. Near term outlook is inclined to the upside, with continued gains into the 1920/50 zone.


sp'daily5

Dow, daily

Summary

Little to add, on what was a rather tedious day.

Next resistance is the 200 dma of sp'1906, but rather more important, the 50dma (1966) which is rolling over, and as many recognise, will be offering a death cross in November.
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a little more later....