Daily Index Cycle update

Another day of new highs for many of the indexes, although there was a touch of weakness in the closing hour, with the sp' settling -1pt at 1805. Next week offers further upside, into the 1820/30s...no doubt helped by a very heavy amount of QE-pomo.


sp'daily5

Dow

Summary

There is little to add, near, mid, long term trends are all upward.

With heavy QE next week..equity bears haven't a hope.
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Closing update from Riley



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a little more later...