Daily Index Cycle update

US equity indexes closed significantly higher, sp +25pts @ 1978 (intra high 1983). The two leaders - Trans/R2K, settled higher by 1.8% and 1.1% respectively. Near term outlook is for continued gains, at least to 2000/2010, but with almost equally viable 2040/50s.


sp'daily5

Trans

Summary

*the 'old leader' - Trans, looks set for the 8300s.. before maxing out.... from there.. the 7000 threshold will be primary target.
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Suffice to add, market continues to broadly climb from the double floor of sp'1867.

Best guess... sp'2040.. before a rollover.

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a little more later...