Daily Index Cycle update

US equities saw a little chop, but still closed broadly higher for the fourth consecutive day, sp +7pts @ 2078. The two leaders - Trans/R2K, settled higher by 1.0% and 0.5% respectively. Near term outlook offers a year end close in the sp'2100s.. with much higher levels (2300s) by late spring.


sp'daily5

R2K

Summary

*the R2K remains something a great many seriously need to keep in mind. Once above the July high of 1213, the R2K will just keep on pushing... and bring the rest of the market with it.
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Not much to add. Sp'2100s are due... along with Dow 18000s....

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a little more later...