Daily Index Cycle update

US equities closed moderately higher, sp +15pts @ 1998. The two leaders - Trans/R2K, settled higher by 0.7% and 0.9% respectively. Near term outlook is for further upside into early next week. The big issue is whether the 2010s can be re-taken.. and held above.


sp'daily5

R2K

Summary

All indexes put in rather strong turn candles today, and it bodes for at least another 1-2 days of upside.

As ever though, considering the broader upward trend on the weekly/monthly cycles, there remains high possibility of new historic highs for most indexes...as early as next week.
--

a little more later...