Daily Index Cycle update

US equities broke another set of new historic highs, with sp 2087 and Dow 18086. The two leaders - Trans/R2K, settled higher by 0.3% and 0.4% respectively. Near term outlook is for continued broad upside... to the sp'2125/50 zone.


sp'daily5

Dow

R2K

Summary

*the R2K remains especially notable in that it is very close to breaking above the year long trading range. Once the double top of 1212/13 is taken out.. there is comfortable upside to 1250/75 zone by early spring.
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Little else to add.... on this Christmas eve.