Tuesday, 6 October 2015

Daily Index Cycle update

US equity indexes settled powerfully higher, sp +35pts @ 1987. The two leaders - Trans/R2K, settled higher by 2.3% and 2.4% respectively. Near term outlook is for continued broad upside.. beyond the 50dma of 2000, the 2020 high, and to the 2040/60 zone.. where critical resistance lays.





Suffice to note.. powerful Monday gains.. solidifying sp'1871 as a marginally higher low.

Regardless of any retrace to the sp'1960/50s, the market is set to battle into the sp'2000s.

a little more later...