US equities closed broadly higher, sp +29pts @ 2073. The two leaders -
Trans/R2K, settled higher by 1.8% and 1.5% respectively. Near term
outlook is bullish, first target is the 2080/85 resistance zone, then
the 2100 threshold... with the May high of 2134 still in range before
year end.
sp'daily5
Trans
Summary
A clear break of the downward trend/resistance (sp'2065), with a close comfortably in the 2070s.
Even the Transports is pushing to break the short term downward trend... but it sure is a long way just to test the 200dma in the 8300s.
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a little more later...
