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.


sp'daily5

Trans

Summary

*some distinct weakness in the closing hour from sp'2119 to 2111
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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.
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Closing update from Riley


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a little more later...