Daily Index Cycle update

US equities closed significantly lower, sp -29pts @ 2071. The two leaders - Trans/R2K, settled lower by -1.1% and -1.4% respectively. Original downside target is about hit, and it would seem highly unlikely that the market will see any sustained action <2050 in the near term.


sp'daily5

Dow

Summary

Suffice to say... a bearish end to the week... but very likely just a minor retrace of the sp'1980/2119 wave.
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Closing update from Riley


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a little more later...