Daily Index Cycle update

US equities closed moderately mixed, sp -10pts @ 2089 (intra low 2085). The two leaders - Trans/R2K, settled +0.2% and u/c respectively. Near term outlook is for broad upside into the sp'2120/30s by mid April.


sp'daily5

Summary

Little to add.

A minor retrace.. from yesterday, is probably complete @ sp'2085

Daily MACD (blue bar histogram) is set to turn positive at the Friday open.. and bodes for upside into the Friday close.. and across the remainder of March.
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a little more later.