Daily Index Cycle update

US equity indexes closed somewhat mixed, sp -3pts @ 2097. The two leaders - Trans/R2K, settled +0.2% and -0.1% respectively. Near term outlook is for continued broad upside.. to new historic highs across all indexes. VIX continues to reflect a market that has little concern of anything.


sp'daily5

Nasdaq comp'

Summary

*notable strength in the tech, which settled higher by 0.4%. Daily candle was a black-fail, that is somewhat bearish.
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Most indexes saw a day of consolidation after the strong Monday gains. Renewed upside.. to new historic highs looks more probable than downside. Certainly, the key low of sp'2039 looks well out of range.
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a little more later...