Tuesday, 24 November 2015

Daily Index Cycle update

US equity indexes closed moderately mixed, sp -2pts at 2086 (intra high 2095). The two leaders - Trans/R2K, settled -0.9% and +0.4% respectively. Regardless of any further retrace, the broader trend remains bullish into the 2100s... and to new historic highs before year end.




*the 'old leader' - Trans, still struggling to break/hold the 200dma... as was lost in May.

The sp'500 should comfortably hold the 2060s for the rest of the year... and my 'reasonable' bullish target is 2150/70 at year end.

a little more later...