Daily Index Cycle update

US equities closed moderately higher, sp +8pts @ 2096. The two leaders - Trans/R2K, settled higher by 0.2% and 0.6% respectively. Near term outlook offers a small chance of a retrace on Tuesday.. but overall, the broader picture looks strongly bullish across the spring.


sp'daily5

Dow

Summary

It took almost two months, but the bull maniacs have achieved a new historic high on the Sp'500 and R2K. The Dow, Trans... and NYSE Comp'.. all look set to follow.

Nasdaq comp' remains at post 2009 highs... on its way to the giant 5000 threshold this spring.
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Closing update from Riley


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a little more later... on Elaine's prediction.