Friday, 30 October 2015

Daily Index Cycle update

US equities closed somewhat mixed, sp -0.9pts @ 2089. The two leaders - Trans/R2K, settled +0.8% and -1.1% respectively. Near term outlook remains seeking a break lower... with at least the sp'2050s viable next week. Primary target by Nov' opex will be around the sp'2000 threshold.




Little to add..

All equity indexes are due a retrace, having seen a massive ramp across the last 5 trading weeks.

First target is the sp'2020/00 zone.. which frankly.. is not that bold a target.

a little more later...