Daily Index Cycle update

US equities saw a post FOMC hyper-ramp from sp'2061, settling +25pts @ 2099 (intra high 2106). The two leaders - Trans/R2K, settled higher by 0.3% and 0.8% respectively. Regardless of any minor retrace of today's gains, it would appear the market is headed for new historic highs.. into the 2120/30s.


sp'daily5

Dow

Summary

*a notable new historic high for the second market leader.. the R2K @ 1255.
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The 50dma held (just) on the sp' @ 2061 this afternoon.. with a hyper-ramp to a Wed' spike high of 2106. A minor retrace to 2090/80 looks viable tomorrow. Regardless of any retrace... most equity indexes look set to push higher into end month... if not across April.

After today's price action, there is essentially ZERO hope of a break <2060 in the near term.
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a little more later...