Daily Index Cycle update

US equities closed moderately mixed, sp -2pts @ 2109 (intra low 2099). The two leaders - Trans/R2K, both settled higher by around 0.2%. Near term outlook remains for further weakness to the 2090/80 zone, with renewed strength into the next FOMC of June 17th


sp'daily5

Dow

Summary

Little to add.

A second day of moderate chop.. with marginal lower highs.. and lower lows for most indexes.

Further weakness to the sp'2080s looks due.
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a little more later..