Daily Index Cycle update

US equities closed moderately higher, sp +10pts at 1952 (intra range 1937/65). The two leaders - Trans/R2K, settled higher by 0.9% and 0.4% respectively. Near term outlook is for continued upside into the sp'2000s, the 2050/70 zone remains viable on a brief FOMC hyper-spike.


sp'daily5

Trans

Summary

*notable strength in the 'old leader', with viable upside to the 8300s next week.
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Suffice to note, moderate gains for the US market, as a rather fierce battle continues.

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a little more later...