Daily Index Cycle update

US equities saw a second day of increasingly strong gains, sp +36pts (1.8%) @ 2062. The two leaders - Trans/R2K, settled higher by a significant 2.1% and 1.7% respectively. Near term outlook is for the sp'2100s.


sp'daily5

R2K

Summary

Little to add.

New historic highs look highly probable by next Friday's opex.
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Closing update from Riley


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a little more later...