Daily Index Cycle update

US equities ended the month/quarter on a pretty negative note, sp -18pts @ 2067. The two leaders - Trans/R2K, settled lower by -0.5% and -0.4% respectively. With the break of rising trend (from the Wed' low of sp'2045)... the door has opened to a test of the 200dma in the sp'2010s.


sp'daily5

Dow

Summary

A pretty interesting end to the day, month.. and indeed, Q1.

Today's net daily declines were borderline significant for the sp/Dow, and with a break of the short term rising trend (from sp'2045).. the door is open to a test of the 200dma in the sp'2010s.
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Closing update from Riley



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a little more later...