Wednesday, 15 July 2015

Daily Index Cycle update

US equities closed moderately higher, sp +9pts @ 2108 (intra high 2111). The two leaders - Trans/R2K, settled -0.1% and +0.6% respectively. Near term outlook is offering a wave lower to around sp'2080... along with VIX 15/16s. From there, renewed upside into next week.. and probably all the way into early August.




Little to add.

Regardless of any weakness across Wed.. or even into Thursday, the market looks set to battle upward into next month.

a little more later..