US equity indexes closed broadly lower, sp -13pts @ 2003 (intra high
2022). The two leaders - Trans/R2K, settled significantly lower by -2.2%
and -1.4% respectively. Near term outlook is for renewed upside to the
2030/40s.. with critical resistance within the 2040/60 zone.
sp'daily5
Trans
Summary
Despite the sig' net daily decline, the Trans' remains on track for a test of the 200dma in the 8475/8500 zone... along with sp'2050/60s.
Clearly, that is out of range this week, but looks viable before end month.
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a little more later...
