Tuesday, 2 June 2015

Daily Index Cycle update

US equities closed moderately higher, sp +4pts @ 2111 (intra high 2119). The two leaders - Trans/R2K, settled higher by 1.1% and 0.2% respectively. Near term outlook remains for weakness to the 2090/80 zone, before renewed upside into the FOMC of June 17'th.




*some distinct weakness in the closing hour from sp'2119 to 2111

Little to add.

A bit of a mixed day of moderate chop. Further weakness to the sp'2090/80 zone seems probable ahead of the Friday jobs data... before renewed strength into the next FOMC of June 17th.

Closing update from Riley

a little more later...