Daily Index Cycle update

US equity indexes closed fairly mixed, sp +3pts @ 2091 (intra high 2096). The two leaders - Trans/R2K, both settled higher by around 1.0%. Near term outlook offers a post-FOMC break to the 2065/61 gap zone. There is a viable April close in the 2050/40s.. with VIX in the 17-19 zone.


sp'daily5

R2K

Trans

Summary

sp'500: another day of micro chop... holding under broken trend.

R2K: a notable new cycle high of 1150... now within the resistance zone 1150/60s.

Trans: a sig' net daily gain... price structure is a clear bull flag.. would be negated on a break <7900.

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a little more later...