Daily Index Cycle update

US equities closed somewhat weak, sp -11pts @ 2051 (intra high 2062). The two leaders - Trans/R2K, settled lower by -0.1% and -1.8% respectively. Despite the Friday declines, near term outlook is bullish, with a broad climb into the sp'2100s.


sp'daily5

R2K

Summary

Little to add.

Friday was a mere day of consolidation/minor weak chop... ahead of what will very likely be further gains next week. The sp'2100s most certainly still look due.
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Closing update from Riley



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a little more later...