Daily Index Cycle update

After an early morning washout, US equities built significant gains across the day, with the sp'500 settling +31pts @ 2063. The two leaders - Trans/R2K, settled higher by a very significant 2.9% and 2.1% respectively. Near term outlook is for a straight run to the sp'2100s.


Sp'daily5

R2K

Trans

Summary

The 50dma has been cleared on most indexes.... bulls have a clear break to the upside... with a fourth consecutive daily gain.

We're headed for the sp'2100s...and new historic highs on most indexes.
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Closing update from Riley


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a little more later...