Daily Index Cycle update

US equity indexes continued to push higher for a third day, with sp +9pts @ 2070 (intra high 2077). The two leaders - Trans/R2K, settled higher by 0.4% and 0.3% respectively. Near term outlook is for continued broad gains into end year.. and beyond.


sp'daily5

R2K

Trans

Summary

*a very notable weekly close for the R2K in the 1190s. New historic highs are coming, possibly even before year end.
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So.. the third consecutive daily gain, with the sp' ramping from a Tuesday close of 1972, to a Friday high of 2077... just 2pts shy of breaking a new historic high.

The broader trend has indeed resumed.. and we're headed into the sp'2100s.. and beyond.
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Closing update from Riley


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a little more later...