Tuesday, 22 March 2016

Daily Index Cycle update

US equity indexes closed moderately mixed, sp +2pts @ 2051. The two leaders - Trans/R2K, settled u/c and -0.3% respectively. Near term outlook threatens the sp'2070/80 zone, along with Nasdaq comp' 4900.


Nasdaq comp'


The fourth consecutive net daily gain for most indexes.

Ongoing price action offers zero sign of a turn. Next resistance for the Nasdaq comp' is clearly the 4900 threshold.

a little more later..