Daily Index Cycle update

US equities saw a new cycle high of sp'1991, but with the end of QE3, saw some moderate afternoon weakness, sp'500 settling -2pts @ 1982 (intra low 1969). The two leaders - Trans/R2K, settled lower by -0.5% and -0.3% respectively.


sp'daily5

Trans

Summary

*it is again very notable that the Transports broke a new historic high, but did close moderately lower.
--

A pretty interesting day in market land, and with the end of QE3, the market is finally going to have 'go it alone' for at least a few months.

*I'm seeking to launch an index-short early tomorrow... possibly on a micro double top of sp'1990 or so. First downside target is sp'1920s, with VIX back in the low 20s.
-

a little more later...