Daily Index Cycle update

US equity indexes settled significantly higher, sp +35pts @ 1920. The two leaders - Trans/R2K, settled higher by 1.1% and 1.5% respectively. Near term outlook is borderline... within a broader mid-term downward trend.


sp'daily5

R2K

Summary

*the second market leader - R2K, remains very bearish.. having taken out the Aug' low of the 1100 threshold. Next support is the Oct'2014 low of 1040.
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Daily MACD (blue bar histogram) cycle on the sp'500 is starting to tick higher. At the current rate, there will be a bullish cross this Friday/next Monday.

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a little more later...