Daily Index Cycle update

US equity indexes closed lower for the third consecutive day, sp -6pts @ 2104. The two leaders - Trans/R2K, settled lower by -0.6% and -0.5% respectively. Near term outlook offers the sp'2060s, before renewed upside into April/May.


sp'daily5

Nasdaq comp', daily

Summary

Suffice to say... despite all the cheer leading on clown finance TV about Nasdaq 5K... it again fell shy.

It looks like we have a short term top of sp'2119... with a minor retrace to the 2060s by next Wed/Thursday.
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Closing update from Riley


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a little more later....