Friday, 25 September 2015

Daily Index Cycle update

US equity indexes closed weak, sp -6pts @ 1932 (intra range 1908/37). The two leaders - Trans/R2K, settled lower by  -1.0% and -0.2% respectively. Near term outlook is for continued equity downside.. to test the 1900 threshold... and break through... to 1820 by next Thurs/Friday.




Little to add.

Trans remains headed for 7000, with sp' set for the mid/low 1800s.. in the very near term.

a little more later...