Daily Index Cycle update

US equity indexes closed broadly lower, sp -5pts @ 2098. The two leaders - Trans/R2K, settled +0.3% and -0.6% respectively. Near term outlook offers further downside, at least to the recent low of sp'2063. However, any daily closes under the (still rising) 200dma will offer stronger downside to the 2050/25 zone.


sp'daily5

Dow

Summary

Suffice to add... a second day lower for most indexes, and the market looks set for a particularly bearish week.
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Closing update from Riley for today (despite post title)


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a little more later...