Daily Index Cycle update

US equities broke new historic highs, with the sp +8pts @ 1900. The two leaders - Trans/R2K, settled higher by 0.8% and 1.1% respectively. Near term outlook remains moderately bullish, at least to the sp'1910/20s, perhaps even the 1940/60 zone.


sp'daily5

R2K

Trans

Summary

Most notable aspect of the day, a new historic high for the Transports, with the 8000s seemingly due early next week.

The Dow/SP, also both look set to break new highs next week, with key resistance in the 1910/15 zone, although the daily/hourly charts are offering the bears a small retracement next week..before renewed upside.

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a little more later...