Thursday, 26 November 2015

Daily Index Cycle update

US equity indexes closed mostly subdued, sp -0.3pts @ 2088. The two leaders - Trans/R2K, settled u/c and +0.8% respectively. Near term outlook offers further upside into the 2100s, with new historic highs in the sp', Dow, and Nasdaq before year end.




Suffice to add... a very natural day of nano scale price chop... as most traders were leaving for the Thanksgiving break.

The sp'500 looks set for the 2100s... the only issue is when we'll see the 2150/70 zone.. not if.

Closing update from Riley

a little more later...