Daily Index Cycle update

US equities closed significantly lower, sp -31pts at 2041. The two leaders - Trans/R2K, settled lower by -2.0% and -1.2% respectively. Near term outlook offers moderate threat of the sp'2025/20 zone, before surging back into the 2100s by Christmas Eve.


sp'daily5

Trans

Summary

Most notable.. bearish engulfing candles on a number of indexes, as opening gains quickly failed to hold.. with increasing weakness.. especially into the close.

It would seem the Tuesday opening gap of sp'2025/21 will be filled early Friday.. before equity bulls can push for a sustained rally into year end.

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a little more later...