Daily Index Cycle update

US equities closed with significant gains, sp +25pts @ 2086. The two leaders - Trans/R2K, settled higher by 1.0% and 1.4% respectively. Near term outlook is uncertain.. with the threat of a bullish F flag failing.. at least to the low 2070s. Daily/weekly cycles are turning back to bullish.. with one trading day left of the month/quarter.


sp'daily5

Dow

Summary

Little to add.

Daily MACD (blue bar histogram) is ticking back upward.. and is set to turn positive this Wednesday.

Certainly.. it would seem the bulls will be in control ahead of the Friday jobs data.. when the market is shut. I'm not sure if there will be any futures trading this Friday morning.

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Closing update from Riley


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a little more later...