Daily Index Cycle update

US equity indexes closed significantly higher, sp +29pts @ 2023. The two leaders - Trans/R2K, settled higher by 1.4% and 2.3% respectively. Near term outlook offers the 2030/40s, with the 2050/60s in FOMC week (Oct 26th>).


sp'daily5

R2K

Trans

Summary

Suffice to say.. very sig' net daily gains for all indexes. All US indexes look set to test the key 200dma before end month.

If sustained price action >sp'2060, the equity bears can wave any hopes of renewed downside until late spring 2016.

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a little more later...