Daily Index Cycle update

US equities climbed into the weekend, sp +6pts @ 2088 (new historic high 2092). The two leaders - Trans/R2K, settled higher by 0.2% and 0.7% respectively. Near term outlook is bullish into the new year... with next upside target zone of sp'2130/50.


sp'daily5

R2K

Trans

Summary

*most notable today.. if not perhaps the entire year, is the R2K, which has finally broken the double top of March/July (1212/13). The break should be seen as a powerfully bullish signal, that is highly suggestive of sp'2500 this year.. if not much higher.

On any basis, ALL cycles remain outright bullish.

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a little more later...