Daily Index Cycle update

US equities closed significantly higher, sp +48pts at 1969. The two leaders - Trans/R2K, settled higher by 2.8% and 2.2% respectively. Near term outlook is for continued upside to at least the 2000/2010, but with 'best bull case' of 2050/70 zone.


sp'daily5

Dow

Summary

Suffice to add, the underlying MACD (blue bar histogram) cycles are turning positive across all the main US indexes.

From a pure cyclical perspective, the US market is set for broad upside into the latter half of next week.
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a little more later...