Daily Index Cycle update

US equity indexes closed moderately weak, sp -5pts @ 2041 (intra high 2062). The two leaders - Trans/R2K, settled lower by -0.5% and -0.3% respectively. Near term outlook offers the 2025/15 zone this Tues/Wednesday, before crawling upward into the Friday opex.


sp'daily5

Nasdaq comp'

Summary

sp'500: a second spiky daily candle... bodes in favour of further downside, at least to the 2025/15 zone.. close to the 200dma (2014).

Nasdaq: an intra high of 4897.. and notably, unable to close above key 4900 threshold. The daily net decline of -0.4% is somewhat interesting. Next support: 4750/4700.

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a little more later...