Daily Index Cycle update

It was a day of swings for US equities, with the sp'500 settling +2pts @ 1951 (range 1975/1944). The two leaders - Trans/R2K, settled +0.1% and -0.1% respectively. Near term outlook is for continued upside.. at least to test the psy' level of 2000 next week.


sp'daily5

Dow

Summary

Little to add.

US equities look set to battle broadly upward into FOMC week. First target is the sp'2000 threshold, with the market likely to max out somewhere within the 2010/2050 zone.
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*I hold AAPL-long overnight, seeking an exit into the weekend.
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a little more later...