Wednesday, 24 December 2014

Daily Index Cycle update

US equities broke another set of new historic highs, with sp 2087 and Dow 18086. The two leaders - Trans/R2K, settled higher by 0.3% and 0.4% respectively. Near term outlook is for continued broad upside... to the sp'2125/50 zone.





*the R2K remains especially notable in that it is very close to breaking above the year long trading range. Once the double top of 1212/13 is taken out.. there is comfortable upside to 1250/75 zone by early spring.

Little else to add.... on this Christmas eve.