Daily Index Cycle update

US equity indexes closed moderately lower, sp -11pts @ 2109. The two leaders - Trans/R2K, settled -0.4% and u/c respectively. Near term outlook is bearish for next week, as the Greek situation continues to spiral out of control. The recent double floor of sp'2072 looks highly vulnerable before month end.


sp'daily5

Dow

Summary

Little to add.

The week began on a negative note, with sp'2072, then a three day climb to 2126, but closing on a down note at 2109, as the market was again concerned about the spiraling Greek situation.
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Closing update from Riley


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a little more later...