Daily Index Cycle update

US equities climbed for a second consecutive day, sp +21pts @ 1967. The two leaders - Trans/R2K, settled higher by 2.1% and 0.8% respectively. Near term outlook is somewhat uncertain, and is dependent upon whether prices hold/break the 1970/75 zone.


sp'daily5

R2K

Summary

Suffice to say...a second day for the bulls, but.. with net weekly declines for all the main US indexes.
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Closing update from Riley


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a little more later...