Daily Index Cycle update

US equity indexes closed naturally subdued, but leaning on the positive side, sp +1pt @ 2090. The two leaders - Trans/R2K, settled higher by +0.5% and +0.3% respectively. Broadly, the market looks set to battle upward.. with new historic highs in the Dow, sp'500, and Nasdaq before year end.


sp'daily5

Trans

Summary

*first upside for the transports remains the 200dma.. currently @ 8393.
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The sp'500 looks poised for a break back into the sp'2100s, but there will be clear resistance in the 2115/20 zone.

Regardless of any sporadic sig' net daily declines in the days ahead, new historic highs in the Dow, sp'500, and Nasdaq look due before year end.

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a little more later...