Daily Index Cycle update

US equity indexes closed moderately mixed, sp -2pts @ 2050 (intra high 2066). The two leaders - Trans/R2K, settled +0.1% and -0.3% respectively. Near term outlook offers a little further weakness to the 2030s, but the 2019 low should comfortably hold. The sp'2100s look due into December.


sp'daily5

Trans

Summary

* the 'old leader' - Trans, remains the laggard in the US market, and that is despite energy/fuel prices remaining low for almost a full year. Does it bode bearish for the broader market into 2016? Hmm
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As for sp', it should comfortably hold the Monday opening low of 2019. A weekly close in the 2070s remains very viable... even if 2030s tomorrow.

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a little more later...