US equities closed moderately higher, sp +1pt @ 2014 (intra high 2020).
The two leaders - Trans/R2K, settled higher by 0.7% and 0.2%
respectively. Near term outlook is for continued upside to the 2040/60
zone. The ultimate issue remains, can the market achieve a monthly close
back above old broken support?
spdaily5
Trans
Summary
Suffice to note.. a clear break above declining resistance/trend for the 'old leader' - Transports, seemingly headed for the 200dma in the 8500s.
The sp' looks on track for a similar test of the 200dma in the 2060s.
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a little more later...
